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Exxon Mobil Corporation v. Arjuna Capital, LLC et al

  1. June 17, 2024

    Exxon Investor Deal Ends Suit Over Emissions Proposal

    Activist investor Arjuna Capital has escaped Exxon Mobil Corp.'s lawsuit over a contentious greenhouse gas-related shareholder proposal the investor sought to include in the company's 2024 proxy statement after a Texas federal judge on Monday accepted the investor's promises not to resubmit the proposal.

  2. June 10, 2024

    Exxon Says Activist Investor Could Still Target Core Business

    Exxon Mobil Corp. sought Monday to keep alive its lawsuit against Arjuna Capital LLC in Texas federal court, arguing that the activist investor could still work behind the scenes to submit climate-related shareholder proposals despite promises in court that it will not.

  3. June 03, 2024

    Exxon Fights Activist Investor's 'Toothless' Dismissal Bid

    Exxon Mobil Corp. is not backing away from a Texas lawsuit accusing investment adviser Arjuna Capital of improperly meddling in its business affairs by backing a proposal to reduce the company's greenhouse gas emissions, calling promises not to resubmit similar proposals in the future "toothless" in the wake of activist shareholder pressure to change the company's climate policy.

  4. May 28, 2024

    Exxon Investor Broadens Promise To Nix Climate Proxy Bid

    An activist investor sued by Exxon Mobil Corp. over a now-withdrawn shareholder proposal concerning climate change has again called on the oil giant to withdraw its suit after broadening its previous promise not to resubmit the proposal in the future.

  5. May 22, 2024

    Activist Investor Must Face Exxon's Suit Over Proxy Proposal

    A Texas federal judge Wednesday refused to dismiss an Exxon Mobil Corp. lawsuit against a U.S.-based activist investor over a now-withdrawn shareholder proposal concerning climate change, saying it isn't certain they won't refile their proposal in the future.

  6. March 07, 2024

    Exxon Investors Say Shareholder Proposal Suit Is Moot

    Activist investors Arjuna Capital and Follow This have again urged a Texas federal judge to dismiss a case against them brought by Exxon Mobil Corp., saying the company "refuses to take 'yes' for an answer" and is trying to run a proxy battle with the U.S. Securities and Exchange Commission through the case.

  7. February 29, 2024

    Chamber Of Commerce Backs Exxon In Activist Investor Row

    The U.S. Chamber of Commerce and lobbying group Business Roundtable on Thursday threw their weight behind Exxon Mobil Corp. in the company's bid to pursue its lawsuit against activist investors, a suit that some see as a proxy battle with the U.S. Securities and Exchange Commission over shareholder proposals. 

  8. February 22, 2024

    Exxon Wants To Press Forward With Activist Investor Case

    ExxonMobil Corp. says it should be allowed to move forward with a lawsuit against a pair of activist investors who proposed that the company speed up the pace of its greenhouse gas emission reductions, arguing that the investors' decision to withdraw the proposal will not prevent a similar one from being filed in the future.

  9. February 13, 2024

    Exxon Investors Urge Judge To Toss SEC 'Proxy Battle'

    The ExxonMobile Corp. investors who backed off plans to call for a shareholder vote on the company's climate change policies now say the company's lawsuit attempting to bar the proposal should be dismissed, arguing the company is only moving forward with the case to indirectly challenge the authority of the U.S. Securities and Exchange Commission.

  10. February 08, 2024

    Exxon Told Climate Proposal Suit Threatens Investor Rights

    The Interfaith Center on Corporate Responsibility is urging Exxon to abandon a lawsuit launched against two activist investors who tried to push for a shareholder vote on a climate proposal that has since been withdrawn.

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