DOL has its say in court on ESG challenge
The plaintiffs and defendant recently filed cross motions for summary judgment of the challenge over the Labor Department's recently implemented ESG rule for retirement plans.
A group of Republican-leaning states that earlier sued the DOL over its recently implemented ESG rule for retirement plans claims that the regulator acted “arbitrarily and capriciously” in making it.
But the Department of Labor, which recently addressed the allegations in court filings, count
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