NEW YORK, NY / ACCESSWIRE / January 4, 2024 / Pomerantz LLP is investigating claims on behalf of investors of BlackRock, Inc. ("BlackRock" or the "Company") (NYSE:BLK). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether BlackRock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On December 18, 2023, the Attorney General of Tennessee filed a consumer protection lawsuit against BlackRock, alleging that Blackrock made false or misleading representations to current and potential Tennessee consumers about the extent to which Environmental, Social, and Governance ("ESG") considerations affect BlackRock's investment strategies. In a press release, the Attorney General stated that "BlackRock's inconsistent statements about its investment strategies deprived consumers of the ability to make an informed choice." The complaint against BlackRock addresses the Company's use of corporate engagement and the voting of its shares to achieve various climate-related policy goals, seeking injunctive relief and civil penalties.
On this news, BlackRock's stock price fell $22.56 per share, or 2.75%, to close at $796.44 per share on December 18, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
SOURCE: Pomerantz LLP
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