District judge approves class-action lawsuit against American Airlines for allegedly violating ERISA by investing pension funds in ESG funds.
A district judge has approved a class-action lawsuit against American Airlines for allegedly investing pension funds into ESG (environmental, social, and governance) funds, violating fiduciary obligations to ERISA. The lawsuit claims that the airline's ESG investments with firms like BlackRock may have ignored financial returns to prioritize political agendas.
May 27, 2024
3 Articles