News & Events

Leah Malone, who leads the Firm’s ESG and Sustainability Practice, was quoted in a Bloomberg Law article titled, “Oklahoma’s Anti-ESG Fight Tests ‘Arbitrary’ Nature of State Laws.” The article discussed an Oklahoma lawsuit that has been filed to challenge the state’s anti-ESG law over its impact on pensions and broader questions that have been raised over the implementation of ESG-related state laws. Leah noted that terms such as ESG or what constitutes an “ordinary business purpose” don’t necessarily have an accepted meaning, which makes these types of state ESG laws difficult to interpret from a legal perspective. She went on to further comment, “This is part of why this suit filed in Oklahoma is so important, because often in the legal system, laws are passed by legislatures, or actions are taken. And it’s really not until we see a legal challenge that the interested parties can really understand how the laws are supposed to be implemented.”

To read the full article, please click here.