Exxon Escapes Permian Basin Investor Class Action, For Now

By Sarah Jarvis (October 4, 2022, 8:35 PM EDT) -- A Texas federal judge has dismissed a proposed investor class action against Exxon over the value of its oil and gas production properties located in the Permian Basin, finding the investors didn't create a strong inference of scienter, or fraudulent intent, for the oil giant or any individual defendants....

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