American Airlines, ESG

ESG Opponents Get Novel Win in American Airlines 401(k) Suit
American Airlines Inc. violated federal law by filling its 401(k) plan with funds from investment companies that pursue environmental, social, and corporate governance goals, a Texas federal judge ruled Friday in the biggest victory yet for opponents of the strategy.
American Airlines' focus on ESG in retirement plan is illegal, US judge rules
Berkshire coal plants emit more nitrogen oxide gases than any other coal-fired fleet in the country. Despite big investments in renewable energy, the company has resisted efforts by regulators to make coal plants cleaner.
ERISA attorneys fear 'chilling effect' of American Airlines 401(k) ESG ruling
Defined contribution plans using environmental, social and governance principles have suffered a setback and could face more litigation risk, following a Texas federal judge’s Jan. 10 ruling against American Airlines and its 401 (k) plan fiduciaries, some ERISA attorneys warn.
American Airlines’ use of ‘ESG activist’ BlackRock failed workers, US judge says
Case over pension scheme management highlights rising risks of legal challenges over environmentally-focused policies
American Airlines broke the law by focusing on ESG in 401(k) plans: judge
The ruling by US District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to an uptick in socially-conscious investing.
Judge finds American Airlines liable in ESG investing case
The judge’s ruling in the not-yet-completed case is likely to inject fresh fuel into the roiling political debate around environmental, social and
American Airlines' focus on ESG in 401(k) plan is illegal, US judge rules
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors.
American Airlines ESG investing strategy violated federal law, judge rules
A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully incorporated environmental and sustainable governance (ESG) factors into its employee retirement plan.
Texas Judge Rules American Airlines Breached Duty in Retirement Plan Investments
A federal judge in Texas has ruled that American Airlines violated federal law by prioritizing environmental, social, and governance (ESG) factors over financial interests in its 401(k) retirement plan.
The New Republic on MSN5h
The Right-Wing Judge on a Mission to Destroy ESG Retirement Planning
The notorious Reed O’Connor is back with another one of his patented-troll decisions, this time threatening to upend the ...
The American Spectator1d
BlackRock and American Airlines: Is Larry Fink the New Sam Bankman-Fried?
A federal case out of Texas decided on Friday, could be the first step in a long and painful march for institutional capital ...
InvestmentNews1d
401(k) ESG lawsuit order cites 'cartel-like behavior,' could prompt more litigation
Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...
Florida Politics1d
American Airlines court ruling raises concerns over broader unintended consequences
Initially filed in June 2023, the suit alleged that American Airlines violated its fiduciary duties under the Employee ...
Benefits Pro1d
American Airlines breached fiduciary duty by prioritizing ESGs goals, in 401(k) class action lawsuit
A federal judge in Texas ruled that American Airlines violated its ERISA duties by not focusing “on the best financial ...
American Airlines Group announces webcast of fourth-quarter and full-year 2024 financial results
FORT WORTH, Texas, Jan. 09, 2025 (GLOBE NEWSWIRE) -- American Airlines Group (NASDAQ: AAL) will webcast a live audio feed of its fourth-quarter and full-year 2024 financial results conference call ...