American Airlines' retirement plan management is under scrutiny after a recent ruling by a federal judge. The ruling has sparked debates over the role of environmental, social and governance (ESG ...

The Spence v. American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an investment manager for its $26 billion retirement savings ...

In a first-of-its kind federal court decision on ESG, U.S. District Judge Reed O’Connor, of the Northern District of Texas, held in January in the case of Spence v. American Airlines that the ...