First 401(k) lawsuit over ESG targets American Airlines’ $26 billion plan
The case, which is seeking class status, also names Fidelity and Financial Engines as defendants.
American Airlines was sued late last week over its 401(k), in what appears to be the first litigation focused on the use of ESG factors by investments in a defined-contribution plan.
The suit, which is seeking class status, was filed in federal court in Texas on behalf of American Airlines pilot
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