A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say ...

American Airlines Inc. violated federal law by filling its 401(k) plan with funds from investment companies that pursue ...

The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic ...

The ruling by US District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to ...

A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully ...

Case over pension scheme management highlights rising risks of legal challenges over environmentally-focused policies ...

A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its ...

The company’s retirement plan was found to favor socially conscious goals over financial returns.

On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...

Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) ...

Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...

Defined contribution plans using environmental, social and governance principles have suffered a setback and could face more ...