BLK · News · 20261030N

Coal Antitrust Litigation

BlackRock, Inc. · 2026-10-30 · Importance 34 · Surprise 42

A Texas federal judge allowed Iowa and Nebraska to proceed with antitrust claims against BlackRock and State Street alleging a conspiracy to restrict the coal market and harm electricity buyers. The judge dismissed coal buyers’ Clayton Act damages claims and indirect-purchaser claims brought by other states. The report did not quantify potential damages or specify a trial timeframe.

Key facts

• A Texas federal judge ruled that Iowa and Nebraska can proceed with antitrust claims against BlackRock and State Street Corp., alleging a conspiracy to restrict the coal market and harm electricity buyers. source
• The judge dismissed Clayton Act claims for damages by coal buyers and indirect purchaser claims from other states in the coal antitrust suit involving BlackRock. source