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- Wong v. New York City Employees’ Retirement System
Wong v. New York City Employees’ Retirement System
Geography
Date
2023
Document type
Litigation
Part of
About this case
Filing year
2023
Status
Plaintiffs' motion for leave to appeal denied.
Geography
Docket number
2025-294
Court/admin entity
United States → State Courts → N.Y.
Case category
Securities and Financial Regulation
Principal law
United States → Breach of Fiduciary Duty
At issue
Lawsuit challenging New York City public employee retirement systems' divestment from companies involved in fossil fuel extraction.
Documents
Filing Date
Type
Action Taken
Summary
Document
10/21/2025
Decision
Plaintiffs' motion for leave to appeal denied.
The New York Court of Appeals denied a motion for leave to appeal by the parties who argued that the New York City public retirement systems violated their fiduciary duties by divesting from fossil fuel-based investments. In March 2025, the Appellate Division affirmed the dismissal of the case on standing grounds.
Summary
Lawsuit challenging New York City public employee retirement systems' divestment from companies involved in fossil fuel extraction.