Pensions&Investments7d
American Airlines 401(k) ESG ruling a 'head-scratcher,' leaving lawyers troubled and perplexed
In the case of Spence vs. American Airlines Inc. et al., U.S. District Court Judge Reed O’Connor, Fort Worth Texas, ruled on ...
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 ...
Court’s ESG Ruling Puts Pressure on Managers of 401(k) Plans
A Texas judge’s decision in a lawsuit against American Airlines could set the stage for significant changes to the ...
JD Supra2d
Sustainability and ESG Advisory Practice Update, January 2025
We are pleased to share the January 2025 issue of Wilson Sonsini's Sustainability and ESG Advisory Practice Update. Each issue combines news, ...
Pensions&Investments7d
ESG funds haven't gained much traction in 401(k) plans or with DC plan consultants
Long before a Texas judge ruled that American Airlines' 401 (k) plans' ESG practices violated federal law, research showed ...
Financial Advisor IQ2d
ESG Court Ruling Could Prompt 401(k) Upheaval
Earlier this month, U.S. District Judge Reed O'Connor ruled that allowing BlackRock, which managed the airline's 401 (k) plan, to consider ESG factors when picking investments for the plan meant that ...
Several state officials demand feds protect Americans' retirement plans by clearly regulating ESG investments
"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter ...
Prescott eNews1d
Experts Call Federal Court Retirement Accounts Ruling ‘Incoherent’ – Inside Sources
Federal Judge Reed O’Connor ruled in Spence v. American Airlines that the airline breached its fiduciary duties under the Employee Retirement Income Security Act (ERISA) by choosing a retirement fund ...