American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an ...
Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) ...
On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...
Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...
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 ...
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.
ESG seems to be coming unglued. But don’t be fooled. Many of the touted changes are superficial or cosmetic rather than ...
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 ...
A federal judge in Texas ruled against American Airlines after the company centered employee retirement plans on ...
Matthew Tuttle talks to Rob Isbitts about Wall Street's selfishness problem; levered, inverse, and actively managed ETFs.