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

The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.

A federal court held American Airlines liable for their mismanagement of employee retirement funds toward Environmental, ...

A major annual air finance gathering largely skirted round the topic of sustainability this week - a rare departure from the ...

ESG seems to be coming unglued. But don’t be fooled. Many of the touted changes are superficial or cosmetic rather than ...

AdvisorNet Financial Inc lessened its holdings in iShares ESG Aware MSCI USA Small-Cap ETF (BATS:ESML – Free Report) by 37.2% in the 4th quarter, Holdings Channel reports. The firm owned 5,283 shares ...

Any corporation or company using BlackRock to manage their pension plans is now effectively aware that BlackRock has acted with a dual motive in the past and is still publicly committed to doing the ...

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

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

I’ll confess that I didn’t want a second of Joe Biden’s self-congratulatory farewell speech last night. I was busy watching ...

BlackRock, the world's largest asset manager, recently withdrew from its membership with Net Zero Asset Managers initiative (NZAM), a coalition committed to achieving net-zero greenhouse gas emissions ...

A federal judge's ruling could have sweeping consequences for how companies invest retirement savings in the U.S.