Louisiana Attorney General Jeff Landry has issued legal guidance to Legislative leadership and the State retirement boards after a preliminary investigation showed that investment firms BlackRock, Vanguard, and State Street may have violated its fiduciary duty of loyalty owed to their investor-clients in Louisiana.
"Whether it is big banks infringing on our Second Amendment rights or corporate elites attacking our energy production, these encroachments could greatly impact our way of life in Louisiana," concluded Attorney General Landry. "So my office and I will continue fighting to ensure entities doing business with our State and her people follow the law and prioritize Louisiana’s best interests."
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