Texas Federal Judge Grants DOL Summary Judgment In ESG Investing Rule Case

Mealey's (September 25, 2023, 11:32 AM EDT) -- AMARILLO, Texas — Granting summary judgment for the U.S. Department of Labor (DOL) on a challenge to its 2022 investment rule concerning environmental, social and governance (ESG) factors, a Texas federal judge asserted that the rule “changes little in substance from the 2020 Rule and other rulemakings” and does not violate the Employee Retirement Income Security Act and the Administrative Procedure Act (APA)....