In the case of Spence vs. American Airlines Inc. et al., U.S. District Court Judge Reed O’Connor, Fort Worth Texas, ruled on ...

The heat that BlackRock has come under in the US for taking account of environmental, social and governance issues when ...

We’re pleased to resolve this matter,” a BlackRock spokesperson told ESG Dive. The agreement dismisses the state’s 2023 ...

Long before a Texas judge ruled that American Airlines' 401 (k) plans' ESG practices violated federal law, research showed ...

"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter to acting heads of both agencies.

Financial institutions are backing away from publicly aligning their investments with ESG goals, and now is the time to hold ...

Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly ...

Asset manager BlackRock agreed to new disclosure requirements about its use of sustainable-investment factors as part of a ...

The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.

On January 10, 2025, the U.S. District Court for the Northern District of Texas (the “Court”) held, in Spence v. American Airlines, Inc., ...

For its part, BlackRock said in response to O’Connor’s ruling that it acts “independently and with a singular focus on what’s in the best financial interests of our clients. Our only agenda is ...

Sustainability” investments became popular a few years back. So-called experts said companies shouldn’t just focus on profit.