May 11, 2024
Funds

Mississippi high court declines to rule on questions of public funds going to private schools

JACKSON, Miss. (AP) — The Mississippi Supreme Court has declined to rule on whether the state is violating its own constitution with a program that would spend $10 million of public money on infrastructure grants for private schools. The justices on Thursday ruled 7-2 that an advocacy group lacked legal standing to sue the state.

Read More
Funds

BlackRock issued warning over ‘misleading statements’ tied to ESG funds

(Reuters) – BlackRock was issued a legal warning by the U.S. state of Mississippi over “false and misleading statements to Mississippi investors” tied to its environmental, social and governance (ESG) investment strategies, according to a 33-page document released on Wednesday. The Mississippi secretary of state Michael Watson and the state’s Securities Division issued a ‘summary

Read More
Funds

Mississippi Supreme Court hears oral arguments in taxpayer funds for private schools case

The legal battle began after the legislature passed a $10 million appropriation in 2022 which would provide funds toward infrastructure improvements at private schools across the state.  Facilitated through a grant program and funded in part by federal COVID-19 relief money under the American Rescue Plan Act, or ARPA, those schools could be granted funds

Read More