Judge Rules American Airlines Violated Retirement-Plan Duties by Encouraging ESG Investing
A federal judge ruled Friday that American Airlines violated its legal responsibilities in managing employees’ retirement assets by encouraging environmentally and socially responsible investing in its 401(k) plan.
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
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.
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.
Federal Court Rules ESG-Guided Investing of 401(k) Plan Is a Breach of Fiduciary Duty
Following a bench trial, Judge O'Connor (N.D. Tex.) held that “that Defendants breached their fiduciary duty by failing to loyally act solely in
American Airlines Violated Federal Law By Using 401(k) Plan to Promote ESG Funds, Judge Rules
NR has reached out to American Airlines for comment. BlackRock routinely points to high returns on its ESG products and its client satisfaction in response to criticism of its inv
JD Supra4d
ESG and Sustainability Insights: 10 Things That Should Be Top of Mind in 2025
Through the course of 2024, the development of the ESG and sustainability landscape was dynamic. We anticipate that this dynamism will intensify ...
Forbes4d
The Best ESG Funds Of 2025
If you want a fund positioned to deliver above-average income yield with ESG investing, consider NUDV. The iShares MSCI Global Sustainable Developmental Goals ETF screens for companies that get ...
US Companies Face Pressure Around Global ESG Disclosure Mandates
Clifford Chance attorneys say in light of the EU disclosure requirements, companies should publicly articulate their ESG ...
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Why Wall Street Banks Are Suddenly Quitting A Global Climate Group
From Goldman Sachs to Morgan Stanley, the largest banks in the U.S. announced departures from an international climate group ...
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Singapore’s NUS Adopts Blockchain for Green Bond ESG Reporting
The move marks a significant milestone for NUS, making it the first university in Singapore to integrate blockchain into ESG ...