Client Alerts
ESG Meets ERISA: Final Judgment Issued in American Airlines 401(k) ESG Lawsuit
On September 30, 2025, U.S. District Judge Reed O’Connor entered final judgment following a bench trial in a class-action lawsuit against American Airlines and its Employee Benefits Committee (the “EBC”), finding the defendants breached their duty of loyalty under the Employee Retirement Security Act of 1974 (“ERISA”) by allowing an investment manager’s environmental, social and governance (“ESG”) objectives to influence its investment decisions with respect to the company’s retirement plans (the “Plan”).
October 17, 2025 • V&E Governance and Sustainability Update | Published by Employee Benefit Plan Review, January 2026
October 17, 2025 • 5-minute read










