BlackRock, State Street file reply for judgment against US states' antitrust claims
( May 4, 2026, 22:31 GMT | Official Statement) -- MLex Summary: BlackRock and State Street filed a reply in support of their motion for judgment against antitrust claims brought by 13 state attorneys general alleging the asset managers conspired to artificially constrict the market for coal through anticompetitive trade practices. “Plaintiffs defend almost none of the damages named in their complaint and do not engage with the many cases rejecting claims closely resembling the ones they still press on behalf of Nebraska and Iowa electricity consumers. For good reason: The causal chain from defendants’ investment activity to retail electricity prices stretches through multiple intervening markets and countless nonparties,” the firms argued.See attached file. ...
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