DOL Counters Administrative Record Arguments In Suit Over ESG Investing Rule

Mealey's ( June 6, 2023, 9:55 AM EDT) -- AMARILLO, Texas — Arguing that the Administrative Procedure Act (APA) “does not authorize universal vacatur,” the U.S. Department of Labor (DOL) filed a cross-motion for summary judgment in a lawsuit in Texas federal court that seeks to overturn the DOL’s investment rule concerning environmental, social and governance (ESG) factors...