The DOL’s ESG rule has been challenged since it took effect in 2023, but now a Texas judge has ruled that retirement fund ...
After a judge issued a 70-page ruling that American Airlines violated federal ... allowing their corporate interests, as well as BlackRock’s ESG interests, to influence management of the plan ...
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 ...
American Airlines hasn’t said whether it plans to appeal ... O’Connor asserted that American knew BlackRock was pursuing ESG initiatives through 2022 (when as he put it the firm “backed away from this ...
Although the American Airlines 401(k) plans did not hold any funds specifically dedicated to ESG investing, the plaintiff argued that the plan fiduciaries allowed BlackRock to use plan assets ...
TEXAS: According to a Federal judge in Texas, American Airlines ... and governance (ESG) factors. “The evidence made clear that (American’s) incestuous relationship with BlackRock and its ...
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 ...