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 ...

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 ...

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

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.” ...

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

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

Oil prices settled up on Tuesday, bouncing back from multi-week lows, after the White House said U.S. President Donald Trump's plans to issue tariffs on Canadian and Mexican imports this week still ...