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.
Read MoreShareholder advocacy non-profit As You Sow filed a shareholder resolution last Friday with BlackRock, asking for a report on how the company plans to fully implement the Business Roundtable (BRT) “Statement on the Purpose of a Corporation,” which was signed by Chairman and CEO Larry Fink in August 2019.
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