A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say ...

American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an ...

Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) ...

The notorious Reed O’Connor is back with another one of his patented-troll decisions, this time threatening to upend the ...

On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...

Any corporation or company using BlackRock to manage their pension plans is now effectively aware that BlackRock has acted with a dual motive in the past and is still publicly committed to doing the ...

Last week, U.S. District Judge Reed O'Connor ruled that American airlines had breached the law by making investment decisions for its employee retirement plans based on non-financial factors like ESG.

A federal judge's ruling could have sweeping consequences for how companies invest retirement savings in the U.S.

In December, US district judge Reed O’Connor rejected Boeing’s effort to settle the probe into twin crashes of its Max jets. The Texas-based judge objected to the use of diversity, equity and ...

A federal judge in Texas ruled against American Airlines after the company centered employee retirement plans on ...