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- Glass, Lewis, & Co. v. Paxton
Glass, Lewis, & Co. v. Paxton
About this case
Filing year
2025
Status
Appeal of preliminary injunction dismissed.
Geography
Docket number
25-50771
Court/admin entity
United States → United States Federal Courts → United States Court of Appeals for the Fifth Circuit (5th Cir.)
Case category
Federal Statutory Claims (US) → Other Statutes and Regulations (US)Constitutional Claims (US) → First Amendment (US)Constitutional Claims (US) → Fourteenth Amendment (US)Constitutional Claims (US) → Other Constitutional Claims (US)Securities and Financial Regulation (US)
Principal law
United States → Commerce ClauseUnited States → Contracts ClauseUnited States → Employee Retirement Income Security Act of 1974 (ERISA)United States → First AmendmentUnited States → Fourteenth Amendment—Due ProcessUnited States → Investment Advisers Act of 1940United States → Supremacy ClauseUnited States → Texas Senate Bill 2337 (SB 2337)
At issue
Challenge to a Texas law that requires proxy advisors to disclose that their advice is “not provided solely in the financial interest of the shareholders of a company” if is wholly or partly based on "nonfinancial factors" such as ESG.
Topics
,
Documents
Filing Date
Document
Type
Topics
Beta
Search results
11/24/2025
Motions for voluntary dismissal filed by Attorney General Ken Paxton and intervenor-defendant appellants.
Motion
–
Summary
Challenge to a Texas law that requires proxy advisors to disclose that their advice is “not provided solely in the financial interest of the shareholders of a company” if is wholly or partly based on "nonfinancial factors" such as ESG.
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Group
Topics
Economic sector
Finance