Federal Judge Reed O’Connor ruled in Spence v. American Airlines that the airline breached its fiduciary duties under the Employee Retirement Income Security Act (ERISA) by choosing a retirement fund ...

Earlier this month, U.S. District Judge Reed O'Connor ruled that allowing BlackRock, which managed the airline's 401 (k) plan, to consider ESG factors when picking investments for the plan meant that ...

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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 ...

"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter ...

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

The heat that BlackRock has come under in the US for taking account of environmental, social and governance issues when ...

The stock market is starting to wobble. After Tuesday’s 1.1% decline, the post-election gains in the S&P 500 SPX are down to just 2%, according to Dow Jones Market Data. The latest economic data ...

Op-ed views and opinions expressed are solely those of the author. Perhaps nobody could be pleased by the recent departure of financial institutions from the repugnant […] ...

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