Federal Judge Threatens Ability of Asset Managers to Invest for Long-Term Value
January 14, 2025
January 14, 2025
OAKLAND, California, Jan. 14 -- As You Sow Foundation issued the following news release:
MEDIA CONTACT: Ryon Harms, ryon@asyousow.org, (310) 579-2188
BERKELEY, CA--JANUARY 10, 2024-- Today, Judge Reed O'Connor, a federal judge in Texas, ruled that American Airlines violated its fiduciary duty to retirement plan participants by failing to prevent Blackrock from engaging in investment actions to address long-term risk and value-creation.
"If left . . .
MEDIA CONTACT: Ryon Harms, ryon@asyousow.org, (310) 579-2188
BERKELEY, CA--JANUARY 10, 2024-- Today, Judge Reed O'Connor, a federal judge in Texas, ruled that American Airlines violated its fiduciary duty to retirement plan participants by failing to prevent Blackrock from engaging in investment actions to address long-term risk and value-creation.
"If left . . .