It is a busy time for ESG-focused lawyers as regulations, politics, market realities and courts converge on the issue. Corporate lawyers now see environmental, social and governance disputes as their companies’ biggest litigation risk in 2024.
In a Politico article, John Bueker, partner and global co-chair for litigation and enforcement practice, explained that a major threat of securities fraud claims from private plaintiff lawyers comes from new climate disclosure requirements in Europe, California and potentially the US federal government.
Companies and their legal teams need to apply the same level of scrutiny to their ESG reports as is applied to other legal and financial filings.
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