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BlackRock, Vanguard, State Street urge dismissal of ‘radical’ US antitrust suit

( June 2, 2025, 23:27 GMT | Official Statement) -- MLex Summary: BlackRock, Vanguard and State Street told a Texas federal court that US antitrust litigation brought by a coalition of Republican state attorneys general seeks “a radical extension of antitrust law that no court has ever recognized.” Allegations of an anticompetitive agreement among the asset managers to coerce coal companies into an output reduction scheme are supported only by misread documents, misstated law and conflation of coal companies with the defendants, they said in a reply filed in the Eastern District of Texas supporting their motion to dismiss.See attached file....

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