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Investors Worth $2.1 Trillion Call for Repeal of North Carolina’s Anti-LGBT Law

Pat McCrory lawsuits
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Gov. Pat McCrory described the plea from nearly 60 investors as “the height of hypocrisy.”

North Carolina continues to pay the price--literally--for the anti-LGBT law that Gov. Pat McCrory passed this summer.

On Monday, 60 investors with Trillium Asset Management released a statement calling for the repeal of House Bill 2, the North Carolina law that prevents transgender people from using bathrooms and changing rooms matching their gender identity.

The investors have a total value of $2.1 billion.

"As long-term investors in companies doing business in North Carolina, we are concerned that HB2 is making it difficult for our portfolio companies to provide the safe, open, and inclusive environment necessary for a successful workplace," the investors said in their statement.

McCrory responded that the statement was the "height of hypocrisy," and that "New York hedge fund billionaires" could not "lecture North Carolina about how to conduct its affairs."

Since McCrory signed HB 2 into law, North Carolina has suffered successive waves of boycotts, first from entertainers, then major sports leagues. The NBA, NCAA, and ACC have all pulled championship games from the state because of the law. A review in August by the Associate Press found the law could cost the state $176,000 in legal fees alone.

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