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16 AGs Caution SEC Over SHEIN's Potential IPO and Alleged Business Practices

Montana AG Austin Knudsen, joined by AGs from 15 other states, sent a letter to the SEC voicing concern regarding the possible Initial Public Offering of SHEIN, a fast-fashion retail giant affiliated with China. The AGs mention how several governmental, watchdog, and media sources have suggested SHEIN’s involvement in forced labor, human rights transgressions, intellectual…

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Republicans Target Mutual Fund Directors in Latest ESG Probe

15 Republican AGs wrote a letter to ten mutual fund directors who helm funds for which BlackRock, Inc. serves as an investment adviser, requesting information regarding potential conflicts of interest and ESG investments. In the letter, the AGs raise concerns that the directors are not fully independent, citing to certain directors’ relationships with BlackRock as…

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AG Rokita Sues TikTok for Misrepresenting App’s Data Security and Safety for Children

Indiana AG Todd Rokita filed two lawsuits against TikTok Inc. and an affiliated entity, alleging violations of the Indiana Deceptive Consumer Sales Act and seeking civil penalties and declaratory and injunctive relief. The first complaint filed by AG Rokita alleges that TikTok collects highly sensitive data from consumers that is potentially accessible by the Chinese…

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