American Airlines Defendants Say ERISA 401(k) Plan Mismanagement Claims Fail

Mealey's (July 7, 2020, 10:29 AM EDT) -- FORT WORTH, Texas — Following a Texas federal judge’s July 1 denial of plaintiffs’ motion for class certification in a suit alleging that American Airlines Inc. and its pension administration committee breached their fiduciary duties by mismanaging the company’s 401(k) plan, the defendants moved for summary judgment on July 3, arguing that the plaintiffs failed to  allege facts in support of their contention that the plan fiduciaries mismanaged the plan (Salvadora Ortiz and Thomas Scott, et al. v. American Airlines Inc., et al., No. 16-151, N.D. Texas)....