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 ...
novethic.fr2d
Backlash contre l'ESG : un juge texan condamne les pratiques du fonds de pension d’American airlines
Un juge texan estime illégale la gestion du fonds de pension d'American airlines par Blackrock, en raison de ses pratiques ESG.
JD Supra6d
Judge Finds American Airlines Breached its Fiduciary Duty of Loyalty by Allowing Investment Manager to Prioritize ESG Goals with 401(k) Plan Assets
On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...
JD Supra2d
Texas District Court’s Decision in 401(k) Case Has Wide-Ranging Implications for Plan Fiduciaries
On January 10, 2025, the U.S. District Court for the Northern District of Texas issued an opinion in Spence v. Am. Airlines, ...
WFMZ-TV4d
Judge's ruling in ESG case could spark chaos for 401(k) managers
ESG investing considers non-financial criteria including environmental, societal and governance factors in investment decisions. O'Connor ruled American Airlines violated its "duty of loyalty ...
napa-net3d
Nevin & Fred: Can Duties of Prudence and Loyalty Diverge?
Could plan fiduciaries violate their duty of loyalty to plan participants despite a prudent process? A recent federal judge says yes — Nevin (Adams) & Fred (Reish) discuss.
Corporate America discovers that activists can judge-shop too
Corporate America should stop being so nonplussed. 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 ...
Benefits Pro4d
Northern Trust leaves Net Zero Asset Managers initiative, following BlackRock’s exit
Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...
justthenews6d
Consumer advocacy group warns Fortune 500 companies new ESG ruling could expose them to liabilities
is warning Fortune 500 companies that the recent ruling against American American airlines over its environment, social and governance (ESG) policies could leave them legally vulnerable. Judge Reed ...
FOX 26 Houston on MSN1d
How could new federal policies affect Houston? Harris Co. Attorney speaks on potential impact
Harris Co. Attorney Christian Menefee speaks with FOX 26 on President Trump's decisions regarding DEI policies and executive orders related to the environment ...
justthenews5d
Net-zero investment initiative suspends operations, as progressive left’s ESG agenda collapses
Adding to the anti-ESG dogpile, U.S. District Judge Reed O'Connor in Texas Friday ruled that American Airlines had violated federal law by utilizing ESG goals when investing for its employees ...