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Texas

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.

By: The Dallas Morning News
  • Jan 11 2025
  • 6
  • 186 Views
Texas judge strikes down American Air’s ESG focus in retirement accounts
Texas judge strikes down Ameri
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. The ruling by U.S. District Judge Reed O’Connor a... [3223 chars]

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