BlackRock Says Co Reject Attorney General's Claims And Will Vigorously Contest Any Accusations That Blackrock Violated Tennessee's Consumer Protection Laws; Blackrock Fully And Accurately Discloses Our Investment Practices And Our Approach To Proxy Voting
Portfolio Pulse from Benzinga Newsdesk
BlackRock has stated it will contest any accusations of violating Tennessee's consumer protection laws, asserting that it fully and accurately discloses its investment practices and approach to proxy voting.
December 18, 2023 | 6:37 pm
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BlackRock intends to vigorously defend against claims of violating Tennessee's consumer protection laws, maintaining that it has been transparent about its investment practices.
While legal challenges can create uncertainty and potentially affect a company's stock price, BlackRock's strong stance and commitment to transparency may mitigate any negative impact in the short term. The market often reacts to legal disputes, but given BlackRock's size and the nature of the claims, the short-term impact is likely to be neutral.
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