Texas judge strikes down American Air’s ESG focus in retirement accounts
A federal judge struck another legal blow against ESG, ruling that non-financial decisions made in 401(K) accounts were illegal.
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.
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.
Texas court rules against American Airlines in ESG 401(k) plan case
The presiding judge found the airline breached its fiduciary duty under federal law by prioritizing non-financial considerations in its employee retirement plan.
Federal judge rules against American Airlines in signature 401(k) ESG lawsuit
This was the first challenge to a DC plan sponsor’s use of environmental, social and governance principles, and the judge’s ruling adds to the efforts by certain politicians and legislatures to claim ESG principles adversely affect retirement plan investments.
American Airlines' focus on ESG in 401(k) plan is illegal, US judge rules
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors.
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
Texas judge finds American Airlines broke federal law in ESG investing
A U.S. district judge in Texas ruled that American Airlines (NASDAQ:AAL) violated U.S. law governing employee retirement investment management by basing investment decisions on socio-political outcomes rather than exclusively on financial terms.
Exclusive: How American landed SA’s first DC flights
San Antonio had a gaping hole in its nonstop air coverage its leaders worked for more than a decade to close without success.
Nearly 2,000 US flights canceled as winter storm hits Texas: What to know
A winter storm in Texas is causing widespread flight cancellations, particularly in Dallas, a major airline hub.
550 flights through DFW, Love Field canceled Friday after winter storm
The cancellations are the result of the winter storm that swept through North Texas Thursday, leaving snow and icy roads in ...
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List: Canceled Baton Rouge airport flights to and from Dallas due to winter storm in Texas
Jan. 9, some flights have been canceled at Dallas-Fort Worth International Airport (DFW) and Dallas Love Field Airport.
Hundreds of flights from DFW canceled ahead of winter storm: What to know if you’re flying
About 40% of Thursday flights from DFW are canceled, according to FlightAware. Those numbers will certainly rise as the ice, ...
Delta forecasts bumper 2025 profit on robust premium travel demand, better pricing
Delta Air Lines forecast 2025 profit above Wall Street expectations on Friday, thanks to robust demand for premium travel and ...