American Airlines Faces Backlash For ESG Investments In Employee 401(k) Plans
American Airlines' retirement plan management is under scrutiny after a recent ruling by a federal judge. The ruling has ...
Federal judge rules against American Airlines in 401(k) ESG lawsuit
A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say ...
Could ESG Funds be Removed from Your 401(k) Plan?
American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an ...
JD Supra11d
American Airlines Breaches Fiduciary Duty of Loyalty with BlackRock ESG Funds in 401(k) Plans
Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) ...
JD Supra3d
Texas District Court’s Decision in 401(k) Case Has Wide-Ranging Implications for Plan Fiduciaries
On January 10, 2025, the U.S. District Court for the Northern District of Texas issued an opinion in Spence v. Am. Airlines, ...
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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 ...