New York Sues Exxon Over Climate-Change Disclosures
The state of New York is suing Exxon Mobil Corp. alleging the company misled shareholders by playing down the possible risks of climate-change regulations to its business.
New York Attorney General Barbara Underwood said in the lawsuit filed Wednesday that the company assured investors that it had been accounting for the risks of potential climate-change rules set by governments. But, the complaint said, the company didn’t properly assign those costs in its business activities.
The suit alleges Exxon executives, including former Chairman and Chief Executive Rex Tillerson, of knowing for years that the company was deviating from what it told the public by using a second set of proxy costs from undisclosed internal guidance that were lower than the ones publicly disclosed.
An Exxon Mobil representative couldn’t immediately be reached for comment.
The lawsuit, filed in New York Supreme Court, comes after securities regulators earlier this year ended an investigation into whether the oil giant misled investors about its accounting practices and climate change risks.
Shareholders last year pushed Exxon to measure how regulations to reduce greenhouse gases and new energy technologies could impact the value of its oil assets.
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The Nevada Supreme Court has backed the firearms industry in wrongful death litigation – even when plaintiffs plausibly allege their products were illegal. The court made its ruling Dec. 2 in the case of Carrie Parsons, one of the victims of the 2017 mass shooting carried out by Stephen Paddock from the 32nd floor of the Mandalay Bay Hotel in Las Vegas. Read and share: bit.ly/3oP1bF2
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CARSON CITY, Nev. (Legal Newsline) – The Nevada Supreme Court has backed the firearms industry in wrongful death litigation – even when plaintiffs plausibly allege their products were illegal. The...Lawyers are greedy and stupid and wrong
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The billboard towers over Interstate 35 just north of downtown San Antonio, trumpeting a $1.25 billion “verdict/judgment” that personal-injury lawyer Thomas J. Henry secured for an alleged victim ...The American Tort Reform Foundation has released its annual Judicial Hellholes report, placing the Fifth Court of Appeals in Dallas on its watch list. The report also listed the Texas Supreme Court as a point of light. Read and share: bit.ly/3ERu0Xb
Judicial Hellholes report puts Dallas Court of Appeals on watch list - Texans for Lawsuit Reform
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DALLAS – The American Tort Reform Foundation released its annual Judicial Hellholes report today, placing the Fifth Court of Appeals in Dallas on its watch list. The report also listed the Texas Sup...
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#ICYMI: Frivolous lawsuits clog the nation’s courts and prevent them from hearing more serious legal issues. While these lawsuits may sound like a joke, they often cost businesses and plaintiffs millions. Read & RT: #tortreform
Dishonor roll for lawsuits includes Tootsie Rolls, Hawaiian rolls, and rolls of the dice
If you’re offended that Tootsie Rolls contain sugar and fat or that a brand of bread rolls called King’s Hawaiian is made in bakeries outs...
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TLR's objective is to restore litigation to its traditional and appropriate role in our society. A lawsuit takes a heavy emotional and financial toll ...
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