BlackRock (BLK), Vanguard Group, and the asset management arm of State Street (STT) are headed to court over a lawsuit brought by Republican state attorneys general claiming they colluded to reduce coal output, Josh Sisco and Silla Brush of Bloomberg reports. Lawyers from the companies are set to urge a federal judge to dismiss the case. The suit claims the firm have large stakes in coal producers and profited when energy prices soared.
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