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”) ...

On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...

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.

Any corporation or company using BlackRock to manage their pension plans is now effectively aware that BlackRock has acted with a dual motive in the past and is still publicly committed to doing the ...

A federal judge's ruling could have sweeping consequences for how companies invest retirement savings in the U.S.

In December, US district judge Reed O’Connor rejected Boeing’s effort to settle the probe into twin crashes of its Max jets. The Texas-based judge objected to the use of diversity, equity and ...

A federal judge in Texas ruled against American Airlines after the company centered employee retirement plans on ...

A group of shareholders and state attorneys general sent letters to Walmart's CEO urging him to reconsider ending its DEI programs after the retailer announced policy changes.

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

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