Biden’s neutralisation of a Trump-era rule that forbade ERISA fiduciaries from considering nonpecuniary factors when making investment decisions is upheld in State of Utah v Vince Micone. “It permits, in full accord with the fiduciary’s duties, a fiduciary to look to collateral factors to break a tie,” a federal judge said.
Texas court affirms ‘tiebreaker’ ESG rule in retirement plan investments
To read more, subscribe to Forward Law Review
Already a subscriber? Log in here: