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.
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.
Judge Rules American Airlines Violated Retirement-Plan Duties by Encouraging ESG Investing
The company’s retirement plan was found to favor socially conscious goals over financial returns.
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.
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.
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
Forget New York: Gen X is following boomers to retirement-friendly places like Florida
Gen Xers are heading to retirement hot spots like the Villages and other retiree-heavy locales in Florida and Texas.
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Coast Guard veterans wrongly forced into retirement by service now fighting in court for backpay
Veterans who were found by a judge to have been illegally retired from the Coast Guard have now accused the service of using ...
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Thousands of Teachers Will Get a Retirement Boost. Here’s How It Works
School workers in states where districts don't participate in Social Security are poised to see bigger monthly checks.
'I might have to come out of retirement' | Family struggling after truck is stolen from their driveway
Someone who seen walking onto private property Monday on Allende drive was caught stealing the homeowner’s car. Juan Manuel Herrera said he invested a lot into this truck and he doesn’t know who did ...
Retiring Justice Nathan Hecht reshaped the Texas Supreme Court into conservative bench
Hecht is the longest-tenured Supreme Court justice in Texas history. He won six reelections and led the court as chief ...
Should Texas Instruments Incorporated (NASDAQ:TXN) Be In Your Early Retirement Portfolio?
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Here Are the Oldest Elected Officials in Texas in 2025
State government officials are progressively getting older. The average age of Texas lawmakers during the 2021 session was 54 ...
Social Security Fairness Act signed into law by Biden, enhancing retirement benefits for millions
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Texas Medical Board director retires after uproar over his Planned Parenthood employment
Conservative lawmakers claimed credit for Dr. Robert Bredt’s retirement after it came out he also worked at a Planned ...