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 ...

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

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 ...

Defined contribution plans using environmental, social and governance principles have suffered a setback and could face more ...

Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) ...

Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...

Case over pension scheme management highlights rising risks of legal challenges over environmentally-focused policies ...

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 ...

A federal judge struck another legal blow against ESG, ruling that non-financial decisions made in 401(K) accounts were ...