Judge Sets Trial Date for American Airlines ESG Lawsuit
The airline has sought to dismiss the litigation, but the trial could begin in late June of next year.
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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.
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.
A class action complaint brought against American, Fidelity and Edelman Financial Engines targets ESG 401(k) investments.