Pensions&Investments4h
American Airlines 401(k) ESG ruling a 'head-scratcher,' leaving lawyers troubled and perplexed
In the case of Spence vs. American Airlines Inc. et al., U.S. District Court Judge Reed O’Connor, Fort Worth Texas, ruled on ...
Pensions&Investments4h
ESG funds haven't gained much traction in 401(k) plans or with DC plan consultants
Long before a Texas judge ruled that American Airlines' 401 (k) plans' ESG practices violated federal law, research showed that sustainable investing was losing momentum among DC plan consultants, ...
Several state officials demand feds protect Americans' retirement plans by clearly regulating ESG investments
"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter to acting heads of both agencies.
JD Supra20h
Benefits Monthly Minute - January 2025
Monthly Minute highlights a recent Texas court decision holding ESG investing violated ERISA and a new development in the J&J ...
Court’s ESG Ruling Puts Pressure on Managers of 401(k) Plans
A Texas judge’s decision in a lawsuit against American Airlines could set the stage for significant changes to the ...
JD Supra21h
Texas District Court ESG ruling has broader implications for ERISA plan fiduciaries
On January 10, 2025, the U.S. District Court for the Northern District of Texas (the “Court”) held, in Spence v. American Airlines, Inc., ...