American Airlines, ESG and plan fiduciary

American Airlines Breaches Fiduciary Duty of Loyalty with BlackRock ESG Funds in 401(k) Plans
Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) objectives in selecting
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.
American Airlines broke the law by focusing on ESG in 401(k) plans: judge
The ruling by US District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to an uptick in socially-conscious investing.
Judge finds American Airlines liable in ESG investing case
The judge’s ruling in the not-yet-completed case is likely to inject fresh fuel into the roiling political debate around environmental, social and governance goals.
American Airlines' focus on ESG in retirement plan is illegal, US judge rules
Berkshire coal plants emit more nitrogen oxide gases than any other coal-fired fleet in the country. Despite big investments in renewable energy, the company has resisted efforts by regulators to make coal plants cleaner.
American Airlines ESG investing strategy violated federal law, judge rules
A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully incorporated environmental and sustainable governance (ESG) factors into its employee retirement plan.
Texas Judge Rules American Airlines Breached Duty in Retirement Plan Investments
A federal judge in Texas has ruled that American Airlines violated federal law by prioritizing environmental, social, and governance (ESG) factors over financial interests in its 401(k) retirement plan.

An American Airlines passenger is suing airline

Federal judge rules against American Airlines in 401(k) ESG lawsuit
A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say ...
InvestmentNews3d
401(k) ESG lawsuit order cites 'cartel-like behavior,' could prompt more litigation
Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...
Pensions&Investments3d
ERISA attorneys fear 'chilling effect' of American Airlines 401(k) ESG ruling
Defined contribution plans using environmental, social and governance principles have suffered a setback and could face more ...
The American Spectator2d
BlackRock and American Airlines: Is Larry Fink the New Sam Bankman-Fried?
A federal case out of Texas decided on Friday, could be the first step in a long and painful march for institutional capital ...
Benefits Pro3d
American Airlines breached fiduciary duty by prioritizing ESG goals, in 401(k) lawsuit
The former employee alleged that 37% of his retirement savings were invested in BlackRock's Target Date 2045 fund, which uses ESG considerations. Spence called American Airlines’ actions ...
Florida Politics2d
American Airlines court ruling raises concerns over broader unintended consequences
Initially filed in June 2023, the suit alleged that American Airlines violated its fiduciary duties under the Employee ...