Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. Here are this week’s updates.

Multistate

• Several state attorneys general announced an over $45 million settlement with digital-asset financial services companies Nexo Inc. and Nexo Capital Inc., resolving allegations that they offered and sold unregistered securities.

• A multistate coalition of 25 state attorneys general filed a lawsuit over a U.S. Department of Labor rule that would permit 401(k) managers to direct client money to Environmental Social Governance investments. The coalition is arguing that the rule goes against the laws in the Employee Retirement Income Security Act of 1974 and would harm many individuals’ retirement accounts.

• A bipartisan coalition of state attorneys general sent a letter to the Biden Administration asking it to respond to several Governors’ requests that the U.S. Environmental Protection Agency issue regulations allowing the sale of E15 ethanol gasoline year-round under the Clean Air Act. The coalition maintains that E15 is cleaner and more cost-effective than E10, which has fewer restrictions.

California

• In light of Data Privacy Day, California Attorney General Bonta announced an investigative sweep involving sending letters to companies using mobile apps that do not comply with the California Consumer Privacy Act. The sweep focuses on apps in the retail, food, and travel industries that do not comply with...

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