American Airlines owes no money in 401(k) ESG investing suit
American Airlines Inc. must revamp its 401(k) plan to remove ties to socially-conscious investing, but it won't have to pay money damages despite being found liable for violating federal benefits law. The pilot who proved at trial that American acted disloyally by favoring environmental, social, and corporate governance goals in its 401(k) plan failed to prove that the plan suffered monetary losses as a result of this breach, US District Court for the Northern District of Texas Judge Reed O'Connor said Tuesday in a final judgment resolving the case. <https://ytezitcab.cc.rs6.net/tn.jsp?f=001k2lRXca4aUidbOkx0yYj6bxmcVA1CBEXH8 NTCGy1Y1z1iK8MOYFepW_hwh2KN5j6c0txSpBEhi9SKu2sPrl8QwHElJsDRKclv039ju4x8EAgFn MbEqbms2j9CYjWaCBaXyZ9asVgdwoq8R2Dc7Dn9c04xxeYBrcNhlRbAhmy0rEbgKDaNLJswlSEKc EHLic5FV9aBbh_A6Xv2ArrVni44kX6qXgeq1OExYtWcwTyBjx37kOqzyxiceNNK52SM-yAK_RGoE x3YsE=&c=3McrrFQ9fQtUOZmjBIzq-GiYQZTh1WvSt7lybyJhpR4c7S1KpDh6TA==&ch=zMVJ-Tt EbKJWvAJQ9bBhREcR49ou_zzyRBSx7P5HZnvdZ5BNk50CwQ==> Jacklyn Wille/Bloomberg Law
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