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DOJ Weighs Joining Texas BlackRock, State Street Antitrust Case
Source: Bloomberg
Antitrust & CompetitionLegal & LitigationRegulation & LegislationCompany Fundamentals
The US Justice Department is considering joining a state-led antitrust lawsuit against BlackRock and State Street, according to people familiar with the matter. Federal participation would increase the legal and regulatory risk for two of the world’s largest asset managers and could pressure their shares, though no formal DOJ action has been announced.
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