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.
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The back-and-forth between the former pilot and the air line over ESG considerations continues in federal court in Texas.
The plaintiff responds to an American Airlines motion to dismiss by alleging he was, in fact, defaulted into ESG-related funds that underperformed.
The airline has sought to dismiss the litigation, but the trial could begin in late June of next year.
Fidelity Institutional and Financial Engines Advisors, LLC were removed as defendants to the lawsuit, the court docket shows.
The first lawsuit over the use of ESG in a 401(k) has officially been filed, which isn't surprising in the highly litigious realm of 401(k)s.