BlackRock, Vanguard, State Street ask court to dismiss US antitrust lawsuit
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BlackRock, Vanguard, and State Street have requested a Texas court to dismiss a U.S. state lawsuit accusing them of conspiring to reduce coal output. They argue that the allegations are based on 'half-baked and untested' legal theories.
March 18, 2025 | 3:00 am
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BlackRock is involved in a legal case where it, along with Vanguard and State Street, is accused of conspiring to reduce coal output. They have moved to dismiss the lawsuit, claiming the allegations are unfounded.
The lawsuit's dismissal request by BlackRock suggests they are confident in their legal standing. However, the outcome is uncertain, and the case's impact on BlackRock's stock is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80