Exxon Wants Shareholder's Climate Change Suit Dismissed

Law360 (August 12, 2020, 2:09 PM EDT) -- Exxon Mobil Corp. and some of its executives are asking a Texas federal judge to dismiss a consolidated derivative shareholder suit alleging the company misrepresented climate change-related business projections, arguing that its board already looked into the allegations and concluded they were "entirely without merit."

In a dismissal motion citing the corporate law of New Jersey, where Exxon is incorporated, the company and its brass told U.S. District Judge Ed Kinkeade on Monday that its board members had determined, in good faith, that "derivative litigation is not in the corporation's best interests."

"An independent board of directors has the authority to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!