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ARTICLE · 17 FEBRUARY 2023

State AG Updates: January 26-February 1, 2023

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Each week, Crowell & Moring's State Attorneys General team highlights significant actions that State AGs have taken. Here are this week's updates.

United StatesConsumer Protection
Crowell’s State AG Team
Crowell’s State AG Team

Each week, Crowell & Moring's State Attorneys General team highlights significant actions that State AGs have taken. Here are this week's updates.

Multistate

  • Several state attorneys general announced an over $45 million settlement with digital-asset financial services companies Nexo Inc. and Nexo Capital Inc., resolving allegations that they offered and sold unregistered securities.
  • A multistate coalition of 25 state attorneys general filed a lawsuit over a U.S. Department of Labor rule that would permit 401(k) managers to direct client money to Environmental Social Governance investments. The coalition is arguing that the rule goes against the laws in the Employee Retirement Income Security Act of 1974 and would harm many individuals' retirement accounts.

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