Exxon Climate Suit Not A Copy Of NY Probe, Investors Say

Law360, New York (November 22, 2017, 6:08 PM EST) -- Investors accusing Exxon Mobil Corp. of concealing its climate change knowledge said Tuesday that the company is glossing over clearly false and misleading statements it made over its climate change costs when it argued that their proposed class action parrots a politically motivated and "baseless" investigation pursued by New York Attorney General Eric Schneiderman.

In urging a Texas federal judge to dismiss the suit, Exxon claims that lead plaintiff Greater Pennsylvania Carpenters Pension Fund is attempting to “manufacture” a securities fraud claim out of an allegation first...
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Case Information

Case Title

Ramirez v. Exxon Mobil Corporation et al


Case Number

3:16-cv-03111

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

Ed Kinkeade

Date Filed

November 7, 2016

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