DOL To 5th Circuit: ESG Investing Rule Doesn’t Contradict ERISA

(March 26, 2024, 2:02 PM EDT) -- NEW ORLEANS — Urging the Fifth Circuit U.S. Court of Appeals to affirm a ruling that left in place the U.S. Department of Labor (DOL) 2022 investment rule concerning environmental, social and governance (ESG) factors, the department and its acting secretary argue that challengers’ criticisms “rest on an overly broad understanding of the circumstances where the tiebreaker standard applies.”...