(Reuters) - Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock ( BLK ) on Friday, resolving allegations that the asset manager misled customers regarding the role of ESG factors in its investment practices.

The settlement ends a lawsuit that the state had filed against BlackRock ( BLK ) in December 2023.

Terms of the settlement were not disclosed.

"While investors are always free to buy cause-oriented products instead of focusing on maximum return, this settlement ensures that only investors who make a knowing choice will see their assets directed toward these non-financial goals," Skrmetti said in a statement.

BlackRock ( BLK ) did not immediately respond to a request for comment.