A Texas judge’s decision in a lawsuit against American Airlines could set the stage for significant changes to the ...

"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter ...

American Airlines' retirement plan management is under scrutiny after a recent ruling by a federal judge. The ruling has ...

On January 10, 2025, the U.S. District Court for the Northern District of Texas (the “Court”) held, in Spence v. American Airlines, Inc., ...

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

The heat that BlackRock has come under in the US for taking account of environmental, social and governance issues when ...

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

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 ...

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

Large parts of the world want access to the things we take for granted, and that means large amounts of reliable and ...

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.

Un juge texan estime illégale la gestion du fonds de pension d'American airlines par Blackrock, en raison de ses pratiques ESG.