Pilot pensions | Why American Airlines' 401(k) lawsuit is a cautionary tale in how employers execute ESG commitments

American Airlines is navigating a turbulent time after a court certified a pilot’s lawsuit against the company over its socially conscious 401-k investments as Class Action.

The ruling, made on May 23, relates to a suit in which pilot Bryan Spence says the airline’s $26billion 401(k) plan improperly favored environmental, social, and governance (ESG) related funds.