Benefits Pro1h
Democratic officials urge SEC, DOL to protect ESG investing, post American Airlines 401(k) lawsuit
After a federal judge ruled that American Airlines violated its ERISA duties by focusing on ESG factors in choosing ...
Pensions&Investments22d
American Airlines 401(k) ESG ruling a 'head-scratcher,' leaving lawyers troubled and perplexed
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 ...
Benefits Pro2d
Judge rejects GOP-led challenge to Biden-era ESG 401(k) investing rule
The DOL’s ESG rule has been challenged since it took effect in 2023, but now a Texas judge has ruled that retirement fund ...
Hosted on MSN26d
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 ...
BlackRock Resumes Stewardship Talks After Reviewing New ESG Guidance
(Reuters) - Top asset manager BlackRock said on Thursday it had resumed stewardship engagements with companies after ...
Prescott eNews16d
Experts Call Federal Court Retirement Accounts Ruling ‘Incoherent’ – Inside Sources
Federal Judge Reed O’Connor ruled in Spence v. American Airlines that the airline breached its fiduciary duties under the ...
Yahoo Finance27d
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 ...