5th Circuit Orders Limited Remand In Challenge To ESG Investing Rule

(July 19, 2024, 10:01 AM EDT) -- NEW ORLEANS — Citing a recent U.S. Supreme Court decision that overturned a deference doctrine on which the lower court relied, a Fifth Circuit U.S. Court of Appeals panel on July 18 vacated and remanded a decision upholding a 2022 U.S. Department of Labor (DOL) investment rule concerning environmental, social and governance (ESG) factors....