Pensions&Investments14h
American Airlines 401(k) ESG ruling a 'head-scratcher,' leaving lawyers troubled and perplexed
In the case of Spence vs. American Airlines Inc. et al., U.S. District Court Judge Reed O’Connor, Fort Worth Texas, ruled on ...
American Airlines Faces Backlash For ESG Investments In Employee 401(k) Plans
American Airlines' retirement plan management is under scrutiny after a recent ruling by a federal judge. The ruling has ...
GlobalCapital1d
When will BlackRock stand up and defend ESG?
The heat that BlackRock has come under in the US for taking account of environmental, social and governance issues when ...
AOL5d
American Airlines Faces Backlash For ESG Investments In Employee 401(k) Plans
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 ...
Pensions&Investments14h
ESG funds haven't gained much traction in 401(k) plans or with DC plan consultants
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, ...
Several state officials demand feds protect Americans' retirement plans by clearly regulating ESG investments
"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter to acting heads of both agencies.
Court’s ESG Ruling Puts Pressure on Managers of 401(k) Plans
A Texas judge’s decision in a lawsuit against American Airlines could set the stage for significant changes to the ...
JD Supra1d
Texas District Court ESG ruling has broader implications for ERISA plan fiduciaries
On January 10, 2025, the U.S. District Court for the Northern District of Texas (the “Court”) held, in Spence v. American Airlines, Inc., ...