Securities,
Civil Litigation,
Environmental & Energy
Oct. 26, 2018
Novel NY approach in suing ExxonMobil avoids a difficult environmental case, experts say
New York’s attorney general filed a lawsuit against Exxon Mobil claiming the company defrauded shareholders by minimizing the expected effect environmental regulations would have on their stocks value, is an unprecedented approach among attempts to hold oil companies responsible for climate change, legal experts say.
New York's attorney general filed a lawsuit against ExxonMobil claiming the company defrauded shareholders by minimizing the expected effect environmental regulations would have on their stocks' value, an unprecedented attempt to hold oil companies responsible for climate change, legal experts say.
The novel approach of Wednesday's litigation against ExxonMobil through a securities fraud claim, focusing on the impact of environmental...
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