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 ...
Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) ...
The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic ...
Defined contribution plans using environmental, social and governance principles have suffered a setback and could face more ...
The ruling by US District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to ...
(k) plans run by money management firms that incorporate environmental, social, and governance (ESG) factors in their ...
Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...
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 ...
The presiding judge found the airline breached its fiduciary duty under federal law by prioritizing non-financial ...
A federal judge struck another legal blow against ESG, ruling that non-financial decisions made in 401(K) accounts were ...
This was the first challenge to a DC plan sponsor’s use of environmental, social and governance principles, and the judge’s ...