Florida AG James Uthmeier issued a policy memo to some law firms in Florida informing them that his office will no longer retain outside counsel that engages in diversity, equity and inclusion (DEI) or environmental, social and governance (ESG) practices. The memo outlines the activities that would presumptively disqualify a law firm from being retained,…

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Florida AG James Uthmeier announced that his office is investigating CDP (formerly the Carbon Disclosure Project) and the Science Based Targets Initiative for potential violations of Florida’s consumer protection and antitrust laws. CDP operates a global environmental disclosure system for companies, capital markets, cities, states, and regions to report and manage their environmental impacts. SBTi,…

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Missouri AG Andrew Bailey announced that his office is investigating and has filed parallel lawsuits against Glass, Lewis & Co. and Institutional Shareholder Services, two major corporate proxy advising firms, for alleged violations of state consumer protection laws. According to the filings against Glass, Lewis and ISS, the firms may have presented themselves as neutral…

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Florida AG James Uthmeier announced an investigation into whether proxy advising companies Glass Lewis & Co. and Institutional Shareholder Services Inc. may have misrepresented their diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) investing policies in violation of the state’s consumer protection and antitrust laws. According to the AG’s office, the companies—which…

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A group of 11 Republican AGs announced that they have sent letters to multiple financial institutions (collectively, “Financial Institutions”) warning that the companies’ diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) commitments may violate state and federal laws and risk enforcement action. The letter states that the Financial Institutions appear to be implementing…

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