American Airlines Inc. violated federal law by filling its 401(k) plan with funds from investment companies that pursue ...
A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say ...
The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic ...
Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) ...
Defined contribution plans using environmental, social and governance principles have suffered a setback and could face more ...
American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an ...
The ruling by US District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to ...
Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...
The presiding judge found the airline breached its fiduciary duty under federal law by prioritizing non-financial ...
Judge Reed O’Connor of the Northern District of Texas issued a much-anticipated ruling in Spence v. American Airlines, ...
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its ...
This was the first challenge to a DC plan sponsor’s use of environmental, social and governance principles, and the judge’s ...