In the case of Spence vs. American Airlines Inc. et al., U.S. District Court Judge Reed O’Connor, Fort Worth Texas, ruled on ...
Long before a Texas judge ruled that American Airlines' 401 (k) plans' ESG practices violated federal law, research showed ...
A Texas judge’s decision in a lawsuit against American Airlines could set the stage for significant changes to the ...
Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) ...
"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter ...
The heat that BlackRock has come under in the US for taking account of environmental, social and governance issues when ...
American Airlines' retirement plan management is under scrutiny after a recent ruling by a federal judge. The ruling has ...
On January 10, 2025, the U.S. District Court for the Northern District of Texas (the “Court”) held, in Spence v. American Airlines, Inc., ...
The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.
Reuters reports that BlackRock, known for its ESG advocacy, managed passive index funds for the airline's plan. Despite these findings, the judge noted that American Airlines' practices met or ...
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