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AG Coalition Accuses Proxy Advisors of Prioritizing Environment, Diversity over Financial Gain for Clients

A group of 22 AGs wrote a letter to proxy advisory firms International Shareholder Services, Inc. (ISS) and Glass, Lewis & Co. accusing the companies of potentially violating federal and state laws regarding the advice and duties of proxy advisors, as well as the companies’ contracts with states’ investment vehicles, by considering factors related to…

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Utah Passes Consumer Data Privacy Law

Utah has become the fourth state in the nation to pass broad consumer data privacy legislation, following California, Virginia, and Colorado. The Utah Consumer Privacy Act will become effective December 31, 2023, and apply to businesses that (1) conduct business in Utah or otherwise target Utah consumers; (2) have $25 million or more in annual…

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Real Estate Investment Coaching Scheme Settles Allegations of Using Predatory Sales Tactics

Utah AG Sean Reyes and the FTC reached a settlement with real estate investment coaching company Zurixx, LLC, related entities, and their three owners (collectively, “Zurixx”) to resolve allegations that Zurixx used false and misleading claims to market its programs in violation of the FTC Act, the Consumer Review Fairness Act, the Telemarketing and Consumer Fraud and Abuse Prevention Act, the Telemarketing Sales Rule, and Utah consumer protection laws.

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Past as Future: AGs’ Prior Experience Can Shape Their Priorities and Policies

This is the second in a series of articles by the Cozen O’Connor State AG team providing guidance on what corporate America needs to know in planning legal, regulatory and political strategies to anticipate and react to shifts in the AG landscape.

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Republican Attorneys General Object to Proposed Changes to Retirement Funds Fiduciary Rules

A group of 22 Republican AGs, led by Utah AG Sean Reyes, sent a comment letter to U.S. DOL opposing a proposed rule that removes barriers for retirement plan fiduciaries to consider environmental, social, and governance factors in their investment strategies. The letter argues that the proposed rule, titled Prudence and Loyalty in Selecting Plan…

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