American Airlines Owes No Money in 401(k) ESG Investing Suit (2)

American Airlines Inc. must revamp its 401(k) plan to remove ties to socially-conscious investing, but it won’t have to pay money damages despite being found liable for violating federal benefits law.

The pilot who proved at trial that American acted disloyally by favoring environmental, social, and corporate governance goals in its 401(k) plan failed to prove that the plan suffered monetary losses as a result of this breach, US District Court for the Northern District of Texas Judge Reed O’Connor said Tuesday in a final judgment resolving the case.

Instead of awarding money damages, O’Connor issued an injunction limiting American’s ...