American Airlines Makes Dismissal Arguments In ERISA Row Over ESG Factors

( August 9, 2023, 8:55 AM EDT) -- FORT WORTH, Texas — Arguing in part that the plaintiff lacks standing because he never invested in any of the challenged funds or any options whose managers he challenged, American Airlines Inc. and its employee benefits committee moved in Texas federal court for dismissal of an Employee Retirement Income Security Act lawsuit over use of strategies and funds purportedly incorporating environmental, social and governance (ESG) considerations....