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

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

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 ...

Long before a Texas judge ruled that American Airlines' 401 (k) plans' ESG practices violated federal law, research showed ...

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

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

We’re pleased to resolve this matter,” a BlackRock spokesperson told ESG Dive. The agreement dismisses the state’s 2023 ...

The lawsuit filed in 2023 alleged unfair impact on the asset management giant's non-ESG funds due to its involvement in ...

The resolution is the latest step by New York-based BlackRock and by other firms to move away from environmental, social or governance measures. An anti-ESG backlash has gathered force among ...

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

Big Tech earnings, a key Fed meeting, and Trump's first full week in office: What to know this week ...