Federal judge rules against American Airlines in 401(k) ESG lawsuit
A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say ...
American Airlines broke the law by focusing on ESG in 401(k) plans: judge
The ruling by US District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to ...
ESG Opponents Get Novel Win in American Airlines 401(k) Suit
American Airlines Inc. violated federal law by filling its 401(k) plan with funds from investment companies that pursue ...
American Airlines' focus on ESG in 401(k) plan is illegal, US judge rules
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its ...
American Airlines ESG investing strategy violated federal law, judge rules
A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully ...
American Airlines’ use of ‘ESG activist’ BlackRock failed workers, US judge says
Case over pension scheme management highlights rising risks of legal challenges over environmentally-focused policies ...
American Airlines' focus on ESG in retirement plan is illegal, US judge rules
The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic ...
Judge Rules American Airlines Violated Retirement-Plan Duties by Encouraging ESG Investing
A federal judge ruled Friday that American Airlines violated its legal responsibilities in managing employees’ retirement ...
JD Supra19 小时
Judge Finds American Airlines Breached its Fiduciary Duty of Loyalty by Allowing Investment ...
On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...
InvestmentNews7 天
401(k) ESG lawsuit order cites 'cartel-like behavior,' could prompt more litigation
Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...
Could ESG Funds be Removed from Your 401(k) Plan?
American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an ...
Benefits Pro7 天
American Airlines breached fiduciary duty by prioritizing ESG goals, in 401(k) lawsuit
The former employee alleged that 37% of his retirement savings were invested in BlackRock's Target Date 2045 fund, which uses ESG considerations. Spence called American Airlines’ actions ...