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
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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.
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We recently compiled a list of the Early Retirement Portfolio: 10 Stocks to Live Off Dividends. In this article, we are going ...
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Retired Waco teachers cheer changes with Social Security Fairness Act
The new year may mean a little more money for some retired Texas teachers after President Biden signed a bill repealing ...
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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 ...
KTAB Abilene on MSN3d
McMurry University president to retire after 40+ years of leadership in higher education
After more than four decades in higher education, and 11 impactful years as the 10th president of McMurry University, Dr.
Social Security Fairness Act signed into law by Biden, enhancing retirement benefits for millions
New law means police officers, teachers and others with public pensions will now collect their full Social Security benefits.
The Texas Tribune on MSN2d
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 ...