American Airlines Inc. violated federal law by filling its 401(k) plan with funds from investment companies that pursue ...

A judge ruled the airline violated its fiduciary duty to loyalty through its retirement plan management, though experts say ...

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

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

A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully ...

BlackRock has invested more than $41.7 billion in Tennessee companies and is the world’s largest asset manager.

The ruling by US District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to ...

The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic ...

Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...

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

Last week, U.S. District Judge Reed O'Connor ruled that American airlines had breached the law by making investment decisions for its employee retirement plans based on non-financial factors like ESG.

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