Nebraska Attorney General Takes on Major Investors Over ESG Policies in New Antitrust Legal Challenge
Lincoln, NE — Nebraska Attorney General Mike Hilgers announced his office’s participation in a broad antitrust lawsuit targeting several prominent institutional investors. The lawsuit accuses these firms of violating competition laws through their environmental, social, and governance (ESG) commitments in the investment of private prison companies and for-profit immigration detention centers. The legal action, which encompasses nine other U.S. states, asserts that these investors use their substantial ESG commitments to manipulate the market, reduce competition, and ultimately elevate operational costs that affect the detention centers and prison facilities. This problematic approach is claimed to not … Read more