BlackRock is trying to avoid the hot seat as GOP takes power
The world’s biggest money manager is trying to avoid some political headaches as Donald Trump and the GOP take over all of ...
Airline ESG Ruling Imperils Work of BlackRock, 401(k) Managers
A Texas federal judge has targeted “cartel-like” 401(k) investment managers in a ruling against American Airlines Group Inc.
Investor climate group suspends activities after BlackRock exit
LONDON/BOSTON, Jan 13 (Reuters) - A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its activities on Monday, days after BlackRock, ...
The American Spectator9h
BlackRock and American Airlines: Is Larry Fink the New Sam Bankman-Fried?
A federal case out of Texas decided on Friday, could be the first step in a long and painful march for institutional capital ...
IJR12h
‘A Huge Win’: Woke Climate Cartel Goes Belly Up
The Net Zero Asset Managers (NZAM) coalition — a United Nations–sponsored collection of financial services companies that ...
E&E20h
Judge finds American Airlines liable in ESG investing case
The judge’s ruling in the not-yet-completed case is likely to inject fresh fuel into the roiling political debate around environmental, social and ...
American Airlines ESG investing strategy violated federal law, judge rules
A federal judge in one of the country’s most conservative district courts ruled Friday that American Airlines unlawfully ...
JD Supra22h
Federal Court Rules ESG-Guided Investing of 401(k) Plan Is a Breach of Fiduciary Duty
Following a bench trial, Judge O'Connor (N.D. Tex.) held that “that Defendants breached their fiduciary duty by failing to loyally act solely in ...
Lawyer Monthly22h
US Judge Rules American Airlines’ ESG 401(k) Investments Illegal
A federal judge ruled American Airlines broke the law by prioritizing ESG over financial returns in its employee 401(k) ...