Earlier this month, a Texas U.S. District Court judge ruled in favor of an American Airlines pilot who sued the airline in a class action lawsuit ... AA’s 401(k) plan on ESG and non-financial ...

A Texas judge’s decision in a lawsuit against American Airlines could set the stage for significant changes to the multitrillion-dollar retirement fund industry.

In the case of Spence vs. American Airlines Inc. et al., U.S. District Court Judge Reed O’Connor, Fort Worth Texas, ruled on Jan. 10 that American and its fiduciaries violated ERISA’s duty of loyalty ...

"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter ...

One area of ESG work expected to continue at pace is the defense of class actions filed against businesses by activist ...

2024), Plaintiff brought a class action suit against American ... fiduciaries failed to question BlackRock’s ESG activities, either because the plan sponsor’s corporate objectives were aligned ...

A federal judge ruled Friday that American Airlines violated its fiduciary duty to loyalty in a class-action ... to ESG Dive Wednesday that BlackRock’s role in the company’s 401(k) plan ...