Pensions&Investments10h
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 ...
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 ...
Pensions&Investments10h
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, ...
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 ...
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 ...
BlackRock, Tennessee settle lawsuit over firm’s ‘misleading’ ESG strategy
The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.
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., ...
Zuckerberg, other moguls say they're backing off ESG and DEI but are they for real?
ESG seems to be coming unglued. But don’t be fooled. Many of the touted changes are superficial or cosmetic rather than ...
Benzinga.com5d
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 ...