American Airlines pushes back after failed dismissal of pilot's anti-ESG lawsuit.

American Airlines is pushing back against a pilot's lawsuit alleging that the company breached its fiduciary duties by investing with fund managers who have environmental, social, and governance (ESG) initiatives. The airline has asked the court to decide the case as a matter of law and rule against the pilot and the class of plaintiffs. American Airlines argues that the pilot has failed to provide evidence to support his claims of breach. The airline also defends its process for selecting and monitoring its retirement plans' investment options, stating that it receives guidance from an investment consulting firm. The pilot's lawsuit specifically takes issue with the use of investment managers like BlackRock, but American Airlines argues that BlackRock was chosen after a competitive review and offers lower fees and superior performance. The airline believes it has satisfied the requirements for a summary judgment and should not have to go to trial. [Extracted from the article]