On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...

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 ...

A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully ...

The ruling by US District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to ...

The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic ...

A federal judge ruled Friday that American Airlines violated its legal responsibilities in managing employees’ retirement ...

American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an ...

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 ...

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 ...