Is ESG investing illegal? In TX it is.

13 Jan 2025 Leave a comment

by Jim Rose in financial economics, politics - USA Tags: ,

Breaking: …US District Judge Reed O’Connor found that the airline breached its fiduciary duty … by prioritizing ESG considerations over the financial interests of participants.  … The court criticized American Airlines for allowing its asset manager, BlackRock, to advance goals unrelated to maximizing returns for plan participants. “ERISA does not permit a fiduciary to pursue…

Is ESG investing illegal? In TX it is.

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