Nebraska Attorney General Leads Multi-State Legal Battle Against Major Investors Over Alleged Coal Market Manipulation
Lincoln, Neb. – Nebraska Attorney General Mike Hilgers is spearheading a multi-state lawsuit against three of the world’s largest investment firms, alleging they engaged in anti-competitive practices with detrimental effects on the U.S. coal industry. Hilgers, joined by attorneys general from ten other states, is targeting BlackRock, State Street Corporation, and Vanguard Group in this legal battle. These asset management giants are accused of manipulating the coal market by collectively wielding their considerable stockholdings in major U.S. coal-producing companies to force a reduction in coal output, aligning business practices with environmental, social, and governance (ESG) … Read more