Missouri Legal Opinion of Morgan, Lewis and Bockius

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US-CC-12-1670J
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This is a Legal Opinion, which may be used across the United States. This particular opinion discusses a disappearing company in a merger agreement.
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FAQ

?Permitting asset managers to direct hard-working Americans' money to ESG investments puts trillions of dollars of retirement savings at risk in exchange for someone else's political agenda,? Utah Attorney General Sean Reyes said in a press release announcing the lawsuit.

ESG stands for Environmental, Social and Governance. This is often called sustainability. In a business context, sustainability is about the company's business model, i.e. how its products and services contribute to sustainable development.

The act also prohibits any limited liability company or corporation from being discriminated against or given preferential treatment based on an environmental, social and governance score, as defined in the act. This act is identical to SB 316 (2023) and the introduced SB 1171 (2022) and similar to SB 50 (2023).

The anti-ESG category includes funds such as ?God Bless America ETF? (YALL), ?Point Bridge America First ETF? (MAGA), and the U.S. Energy ETF of Republican presidential candidate Vivek Ramaswamy's Strive (DRLL).

While each state ESG-related law is unique and deserves its own specific analysis, in general, no state has yet adopted a law that categorically prohibits the consideration of ESG factors in connection with making investment decisions.

These ?anti-ESG? bills take various forms, including ?boycott bills,? which aim to prohibit state governments from contracting with financial institutions whose ESG metrics would effectively ?boycott? any industries that the state's economy relies on ? like fossil fuels.

The key provisions of the ESG Bill are: The Bill requires that a company's board of directors take into account environmental, social, and governance (ESG) factors when making business decisions. The Bill requires companies to disclose their ESG policies and practices to shareholders and the public.

Uncovering added business value from ESG efforts Doing the right thing for the environment and society brings with it many advantages and opportunities. For example, cost savings, competitive advantage, opportunities for innovation, opportunities to attract new customers, and brand awareness.

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Missouri Legal Opinion of Morgan, Lewis and Bockius