ESG Opponents Get Novel Win in American Airlines 401(k) Suit

American Airlines planes at LaGuardia Airport in New York.
Photographer: Angus Mordant/Bloomberg

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By Jacklyn Wille

January 10, 2025 at 6:56 PM UTC

Updated on

January 11, 2025 at 6:34 PM UTC

This article is for subscribers only.

American Airlines Inc. violated federal law by filling its 401(k) plan with funds from investment companies that pursue environmental, social, and corporate governance goals, a Texas federal judge ruled Friday in the biggest victory yet for opponents of the strategy.

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