Exxon Loses 2nd Shot At Slipping Investors' Climate Suit

By Bonnie Eslinger (November 5, 2018, 9:34 PM EST) -- A Texas federal judge on Monday rejected Exxon Mobil Corp's request for reconsideration of his decision to let a putative securities fraud class action claiming the oil giant hid its climate change knowledge go forward and also denied the company's' bid to have the matter immediately appealed.

The brief order from U.S. District Judge Ed Kinkeade provides no explanation for the court's decision other than to say it was made "(a)fter carefully considering [Exxon's] motion," the investor plaintiffs' response, the company's reply, the court record and applicable law. The court also denied Exxon's request to let his order be immediately appealed,...

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