A shareholder group’s lawsuit challenging a Swiss-based insurance giant’s decision to nix a climate-related proposal can proceed, even as the judge in the case raised doubts about the group’s arguments.
Judge Sparkle Sooknanan of the U.S. District Court for the District of Columbia denied Chubb’s request last week to reject a lawsuit brought by As You Sow. The California-based advocacy group had challenged the insurer’s decision to exclude a proposal calling for a third-party climate study from the company’s 2026 shareholders meeting.
But Sooknanan also refused to grant As You Sow’s request for a preliminary injunction to force the company to put the climate measure up for a vote.
She said the group has “not met its burden” of demonstrating that its lawsuit will succeed but declined to “end the case at this early stage.”
