Event JSON
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"https://finance.yahoo.com/news/ftc-doj-weigh-republican-states-124000723.html"
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[
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"FTC, DOJ weigh in on Republican states’ coal antitrust case against ‘Big Three’ asset managers"
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"The lawsuit, filed by Texas Attorney General Ken Paxton and a coalition of Republican-led states, accuses the asset managers of acquiring substantial holdings in public coal companies and then pushing those companies to reduce their output. The FTC and DOJ's statement affirms that antitrust laws allow for passive investing, corporate governance-focused shareholder advocacy, and active investing that doesn't harm competition, but argues that the allegations in this case go further and allege the coordinated use of horizontal shareholdings to distort output and prices in energy markets."
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