TBA Law Blog


Posted by: Stacey Shrader Joslin on Jun 7, 2023

Tennessee Attorney General Jonathan Skrmetti is investigating Nashville-based AllianceBernstein and other asset managers related to their climate change work, Reuters reports. The probe is seeking information about environmental, social and governance investing policies at the companies as well as partnerships with climate coalitions like Climate Action 100+ and Net Zero Asset Managers. Other companies involved are Invesco Ltd. and the Jennison Associates arm of Prudential Financial. According to the news source, the attorney general’s office is looking for “unfair or deceptive acts or practices” under the state’s 1977 consumer protection law. Skrmetti’s office told Reuters that it is “highly concerned with corporate collusion.” The Nashville Post has more on the story.