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Spence v. American Airlines, Inc., et al

  1. August 28, 2023

    American Airlines Worker Says BlackRock Too Intent On ESG

    A participant in a $26 billion American Airlines 401(k) plan told a Texas federal court the airline violated federal benefits law by offering funds managed by BlackRock, arguing in a proposed class action that the investment management giant puts more emphasis on environmental, social and governance factors than financial performance.

  2. August 04, 2023

    American Airlines Wants 401(k) Suit Over ESG Funds Tossed

    American Airlines on Friday urged a Texas federal judge to toss a proposed class action alleging the airline's 401(k) plan's focus on environmental, social and governance factors cost retirees millions of dollars, saying the leading plaintiff can't show that he invested in any of the challenged funds.

  3. June 30, 2023

    5 ERISA Cases To Watch In 2023's Second Half

    A pending rehearing petition in a massive suit against United Behavioral Health at the Ninth Circuit and battles over ESG in retirement plan investments headline the crop of cases that benefits lawyers will be following in the second half of 2023. Here, Law360 speaks with attorneys about five Employee Retirement Income Security Act cases to keep an eye on.

  4. June 02, 2023

    American Airlines Workers Say ESG Funds Cost 401(k) Plan

    A proposed class of participants in an American Airlines employee 401(k) plan hit the airline with a federal benefits suit Friday, alleging plan funds and investment managers that elevated environmental, social and governance factors cost retirees millions in lost savings through poor performance and excessive fees.

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