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.
American Airlines ESG investing strategy violated federal law, judge rules
A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully incorporated environmental and sustainable governance (ESG) factors into its employee retirement plan.
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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.
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Texas Judge Rules American Airlines Breached Duty in Retirement Plan Investments
A federal judge in Texas has ruled that American Airlines violated federal law by prioritizing environmental, social, and governance (ESG) factors over financial interests in its 401(k) retirement plan.
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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 ...
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Practical Takeaways from Spence v. American Airlines, Inc. for ERISA Plan Fiduciaries
Judge Reed O’Connor of the Northern District of Texas issued a much-anticipated ruling in Spence v. American Airlines,
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.
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. This airline changed course, shifting the strategy.
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.
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Federal Judge Blasts DEI and BlackRock's 'Incestuous' Relationship in New Ruling
A federal judge in Texas ruled against American Airlines after the company centered employee retirement plans on environmental, social, and governance factors, also known as ESG. U.S. District Judge Reed O’Connor concluded on Jan.
Stars icon Mike Modano says growth of hockey in Dallas is ‘more meaningful than anything’
Dallas Stars legend Mike Modano recently made an appearance on popular hockey podcast “Spittin’ Chiclets” where he went into everything from his early days
Starship explosion diverted commercial flights on Thursday
Commercial airlines had to divert or delay their flights to avoid debris from the SpaceX Starship spacecraft that exploded Thursday during a flight test.