The plaintiff suing American Airlines for adding an ESG fund to the 401(k) plan has dropped the case to 2 defendants.
Plaintiff Bryan Spence dropped two defendants to the lawsuit that was initially filed against American Airlines, the employee benefits committee, Fidelity Investments, and Edelman Financial Engines for allegedly providing employees a 401(k) plan that sacrificed returns in favor of environmental, social, and governance factors.
Fidelity Investments and Edelman Financial Engines were dropped from the case. American Airlines, Inc. and the American Airlines Employee Benefits Committee remain defendants.
