The Department of Justice filed an amicus brief supporting Texas Attorney General Ken Paxton’s lawsuit against BlackRock, State Street, and Vanguard for allegations of antitrust violations. 

Paxton filed the lawsuit against the three investment companies “for conspiring to artificially constrict the market for coal through anticompetitive trade practices.” The three companies face allegations of using their massive holdings in major coal producers to pressure them to satisfy green energy goals with a push to more than halve coal production by 2030.