NY Drops Half Its Exxon Fraud Case At Climate Trial's Close

Law360, New York (November 7, 2019, 1:39 PM EST) -- The New York attorney general on Thursday abruptly dropped two fraud claims during closing arguments in a trial where Exxon Mobil is accused of misleading investors about the business risk posed by climate change, provoking indignation from the energy titan.

Exxon attorney Ted Wells leaves court Thursday after closing arguments in the New York attorney general’s climate change case against the oil company. (AP)

New York has claimed that Exxon Mobil Corp. defrauded investors when it inflated its value with an internal climate risk metric it hid from the public, and the state has been trying to prove its case in...

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