State of Texas, et al. v. BlackRock, et. al.

Published on:
March 24, 2025

Court:

U.S. District Court

(E.D. Texas)

Amicus Issue:

Whether passive investors could be in violation of Section 7 of the Clayton Antitrust Act of 1914, which prohibits the acquisition of stock when “the effect of such acquisition may be substantially to lessen competition,” simply because the passive investors have cross-ownership interests in competing companies.

Counsel of Record:

Morgan Lewis LLP

Jon R. Roellke

William S.D. Cravens

William T. McEnroe

Zachary M. Johns

Stephen LaBrecque

Other Amici:

None.

Details

Download

More Content

  • Letters
    Jun 16, 2026

    Staff Statement Regarding Broker-Dealer Registration of CUIs Utilized to Prepare Transactions in Crypto Asset Securities

    SIFMA comments on the SEC's Covered User Interface (CUI) statement to highlight key concerns and provide both process and substantive recommendations.
  • Letters
    Jun 09, 2026

    FinCEN and OFAC Joint Proposed Rulemaking on PPSI AML/CFT Program and Sanctions Compliance Program Requirements

    SIFMA and SIFMA AMG comment to FinCEN and OFAC on PPSI AML/CFT Program and Sanctions Compliance Program Requirements.
  • Letters
    Jun 09, 2026

    AML and Countering the Financing of Terrorism Programs

    SIFMA comments to FinCEN in support of the proposed rulemaking to reform the requirements for financial institutions' AML/CFT programs.

Get the latest trends, stats, and research on financial markets and securities.