In the case of Spence vs. American Airlines Inc. et al., U.S. District Court Judge Reed O’Connor, Fort Worth Texas, ruled on ...

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

A Texas judge’s decision in a lawsuit against American Airlines could set the stage for significant changes to the ...

Long before a Texas judge ruled that American Airlines' 401 (k) plans' ESG practices violated federal law, research showed that sustainable investing was losing momentum among DC plan consultants, ...

American Airlines' retirement plan management is under scrutiny after a recent ruling by a federal judge. The ruling has ...

The heat that BlackRock has come under in the US for taking account of environmental, social and governance issues when ...

"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter ...

In fact, the committee that considers investments for our plan has expressly rejected ESG investments,” an American Airlines spokesperson told The Hill in a statement. BlackRock’s role in the ...

The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.

A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say “the bar is being set really low for what's a violation.” ...

On January 10, 2025, the U.S. District Court for the Northern District of Texas (the “Court”) held, in Spence v. American Airlines, Inc., ...

ESG seems to be coming unglued. But don’t be fooled. Many of the touted changes are superficial or cosmetic rather than ...