Compliance | July 3rd, 2024 Lawsuit Against NYC Pension Funds’ Divestment in Fossil Fuels Dismissed A New York State judge dismissed the complaint due to lack of standing and failure to demonstrate injury.
Compliance | June 21st, 2024 Judge Denies American Airlines’ Bid for Summary Judgment in ESG Lawsuit The trial is confirmed to begin Monday, June 24, in Texas federal court.
Compliance | June 10th, 2024 Judge Confirms Trial Date for American Airlines ESG Lawsuit A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials,...
Compliance | May 23rd, 2024 Texas Judge Certifies Class in Pilot’s Anti-ESG Case A class of participants was certified in a federal district court lawsuit against American Airlines’ Plan for Pilots.
Compliance | January 19th, 2024 26 State Attorneys General Appeal Biden ESG Rule Decision Republicans appeal to the U.S. 5th Circuit Court of Appeals, requesting it strike down the rule that permits environmental, social...
Compliance | October 24th, 2023 NYC Pension Funds Argue ESG Lawsuit Hinges on ‘Legal Errors’ Parties continue to argue about the plaintiffs’ standing as three New York City public-employee pension funds seek to have the...
Compliance | October 16th, 2023 American Airlines Motion Argues ESG Funds Theory is “Wrong” The argument about ESG funds by former pilot Bryan Spence ‘runs headlong into the Supreme Court's instruction,’ according to the...
Administration | October 12th, 2023 Former Pilot Adds to Arguments in American Airlines ESG Case The plaintiff, Bryan Spence, referenced another federal court’s decision in asking a Texas federal court to deny the defendants’ motion...
Compliance | October 2nd, 2023 Dueling Motions Filed in American Airlines ESG Lawsuit Both parties brought motions as a former pilot asserts that fiduciaries for American Airlines’ defined contribution plans breached their duty...
Compliance | September 12th, 2023 American Airlines Files Motion to Dismiss The back-and-forth between the former pilot and the air line over ESG considerations continues in federal court in Texas.
Compliance | August 7th, 2023 American Airlines Seeks Dismissal of 401(k) ESG Complaint The airline points out in a motion to dismiss that the ESG-related funds in question were only available through the...
Administration | June 26th, 2023 PSNC 2023: Unique Issues for 403(b) Plan Sponsors Experts at the PLANSPONSOR National Conference addressed the ebb and flow of employer efforts to align in-plan investments with organizational...
Compliance | May 5th, 2023 Florida Anti-ESG Bill Signed Into Law by DeSantis The governor hopes the bill will be a blueprint for states seeking to ban sustainable investing.
Compliance | February 24th, 2023 Representative DelBene Proposes Legislating DOL’s ESG Rule The bill, if passed, would amend ERISA and remove the legal basis for challenging the use of ESG factors in...
Compliance | February 17th, 2023 Tuberville Returns With Call for Crypto Access in 401(k) Plans The Republican senator also argued that the DOL should not be dictating what investments may be offered through the self-directed...
Products | February 17th, 2023 Investment Product and Service Launches Vanguard plans merger and liquidation; WeBuy75.com launches an advanced life expectancy calculator; and more.
Products | February 10th, 2023 Morningstar and PAi Partner on ESG-Driven Pooled Employer Plan Recordkeeper PAi will run a PEP backed by Morningstar’s ESG overlay, with the firms citing the recent DOL ruling that...
Products | January 27th, 2023 Investment Product and Service Launches Putnam launches ETFs series; Broadridge releases ESG disclosure, data and benchmarking tool; Lincoln adds digitally available life insurance product; and more.
Administration | December 2nd, 2022 Florida CFO Divests $2 Billion of State Assets in ESG Dispute With BlackRock The Florida CFO follows several states that have also removed funds from management by BlackRock because they argue environmental, social...
Data and Research | December 1st, 2022 Growth Continued in 2021 For the Largest Investors, Assets Near $26 Trillion Pension funds make up the majority of the world’s 100 largest investors, which all grew 9% in 2021, a WTW...