April 19. 2024

Northern District of Texas Expands Fiduciary Liability to Cover Non-ESG Fund Managers’ ESG-Related Conduct

On February 21, 2024, Judge Reed O’Connor in the United States District Court for the Northern District of Texas, Fort Worth Division (the “Court”) denied a motion to dismiss an ERISA plaintiff’s (“Plaintiff”) complaint challenging American Airlines’ selection and retention of multiple investment funds in its retirement plan.

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