Utah v. Walsh: Latest Developments in the Challenges to the DOL’s ESG Rule

The plaintiffs in Utah v. Walsh filed a motion to halt implementation of the Department of Labor’s new rule, which provides increased flexibility for retirement plan fiduciaries to consider environmental, social, or governance (ESG) factors when making investment decisions and exercising shareholder rights. This coalition of 26 states, energy companies, a trade association, and private individuals argues that the new rule undermines the protections established by the Employee Retirement Income Security Act of 1974 (ERISA). In this webinar, Jared Kelson, Counsel for Plaintiffs Liberty Energy Inc., Liberty Oilfield Services LLC, and Western Energy Alliance, provides an update on the ongoing litigation and discuss the broader implications of ESG considerations in retirement planning.