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Judge Rules American Airlines Violated Retirement-Plan Duties by Encouraging ESG Investing
A federal judge ruled Friday that American Airlines violated its legal responsibilities in managing employees’ retirement assets by encouraging environmentally and socially responsible investing in its 401(k) plan.
American Airlines' focus on ESG in 401(k) plan is illegal, US judge rules
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors.
Texas judge finds American Airlines broke federal law in ESG investing
U.S. district judge rules American Airlines violated retirement investment laws by prioritizing socio-political outcomes over financial terms.
Federal judge rules against American Airlines in signature 401(k) ESG lawsuit
This was the first challenge to a DC plan sponsor’s use of environmental, social and governance principles, and the judge’s ruling adds to the efforts by certain politicians and legislatures to claim ESG principles adversely affect retirement plan investments.
ESG Opponents Get Novel Win in American Airlines 401(k) Suit
American Airlines Inc. violated federal law by filling its 401(k) plan with funds from investment companies that pursue environmental, social, and corporate governance goals, a Texas federal judge ruled Friday in the biggest victory yet for opponents of the strategy.
Texas judge strikes down American Air’s ESG focus in retirement accounts
A federal judge struck another legal blow against ESG, ruling that non-financial decisions made in 401(K) accounts were illegal.
American Airlines Violated Federal Law By Using 401(k) Plan to Promote ESG Funds, Judge Rules
NR has reached out to American Airlines for comment. BlackRock routinely points to high returns on its ESG products and its client satisfaction in response to criticism of its inv
3d
on MSN
Don't leave sleeping passengers on planes after flights land, American Airlines union reminds cabin crew
The union for American Airlines flight attendants issued a memo reminding crew to ensure all passengers leave aircraft after ...
3d
American Airlines & United Airlines Flight Incident at Chicago Airport Explained
Recently, an American Airlines plane and a United Airlines aircraft collided at the Chicago airport, which has stirred ...
2d
American Airlines Legal Chief Departs for Warner Bros. Discovery
American Airlines Group is looking for a new chief legal officer to replace Priya Aiyar, who will depart the Fort Worth, ...
6d
on MSN
American Airlines’ stock snags three upgrades to reflect better backdrop in 2025
American Airlines Group Inc.’s stock gained 3.2% on Monday, after a slew of upgrades that acknowledged the company is coming ...
3d
American Airlines Plane Hits United Jet at Chicago Airport
Recently, an American Airlines plane and a United Airlines aircraft collided at the Chicago airport, which has stirred ...
3d
on MSN
These are the biggest music acts coming to American Airlines Center this spring
The American Airlines Center in Dallas is hosting some of the biggest names in music this spring. Papa Roach, Rauw Alejandro, ...
4h
on MSN
American Airlines flight attendant killed in stabbing during layover in Denver
Denver Police officers are looking for a suspect after a woman was killed and two people were injured in stabbings along the ...
3d
American Airlines Boeing 787-8 Grounded After Flaps Issue & Hydraulics Leak
The aircraft involved in the incident is a Boeing 787-8 Dreamliner registered as N819AN. Per ch-aviation, it is 7.8 years old ...
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