- Years of ADA Shakedowns Alleged, And A Law Firm SettlesPosted 24 hours ago
- $10M Settlement In Riot Games Gender Discrimination LawsuitPosted 1 day ago
- Senate Report Highlights Illicit Transfer of Tech to ChinaPosted 2 days ago
- Supreme Court Reverses Federal Circuit, Grants Cert in Oracle v. GooglePosted 2 days ago
- Law Firm Sued For Defamation, After Aggressive Move In Bankruptcy CasePosted 3 days ago
- Pre-Holiday Breach At Macy’sPosted 3 days ago
Biggest Shareholder Suit Ever?
- Tweet
- Pin It
-

December 5, 2018
A lawsuit filed by New York attorney general Barbara Underwood does not allege that Exxon lied about what it understood regarding climate change, or that it bankrolled deniers, or that the company bears some responsibility for the costs of climate change. Rather, it alleges that Exxon engaged in a “longstanding fraudulent scheme” to deceive investors by failing to manage the risk that increasing regulation will pose to its business, after representing to shareholders that it would do so. The lawsuit was filed under New York’s controversial Martin Act, which has a lower standard of proof than federal securities law. Exxon, as stated in the complaint, “provided false and misleading assurances that it is effectively managing the economic risks posed to its business by the increasingly stringent policies and regulations that it expects governments to adopt to address climate change. Instead of managing those risks in the manner it represented to investors, Exxon employed internal practices that were inconsistent with its representations, were undisclosed to investors, and exposed the company to greater risk from climate change.”
Read the full article at:The New York Times
Related Posts
-
Years of ADA Shakedowns Alleged, And A Law Firm Settles
A Silicon Valley law firm has settled a lawsuit...
-
$10M Settlement In Riot Games Gender Discrimination Lawsuit
Riot Games, a $1B-plus company owned by Chinese technology...
-
Senate Report Highlights Illicit Transfer of Tech to China
A recent report published by the Senate Permanent Subcommittee...
-
Supreme Court Reverses Federal Circuit, Grants Cert in Oracle v. Google
The Supreme Court will hear Google’s petition for cert...
Litigation News
-
Years of ADA Shakedowns Alleged, And A Law Firm Settles
A Silicon Valley law firm has settled a lawsuit alleging that it was shaking down small businesses by filing...
- Posted 24 hours ago
- 0
-
$10M Settlement In Riot Games Gender Discrimination Lawsuit
Riot Games, a $1B-plus company owned by Chinese technology firm Tencent, has agreed to a $10 million payout to...
- Posted 1 day ago
- 0
-
Law Firm Sued For Defamation, After Aggressive Move In Bankruptcy Case
The Massachusetts Court of Appeals has reinstated a defamation case against a law firm, in a ruling denying the...
- Posted 3 days ago
- 0
-
Pre-Holiday Breach At Macy’s
It hit the retailer over a one-week period early in October, scooping up essential information from credit transactions. The...
- Posted 3 days ago
- 0
Labor/Employment News
-
$10M Settlement In Riot Games Gender Discrimination Lawsuit
Riot Games, a $1B-plus company owned by Chinese technology firm Tencent, has agreed to a $10 million payout to...
- Posted 1 day ago
- 0
-
Insurance May Cover Allegations Related To Sexual Abuse
Claims against companies related to sexual abuse – such as negligent hiring or negligent supervision and negligent retention –...
- Posted 1 week ago
- 0
-
Legal Battle With Ex-CEO At Barnes & Noble Is A Study In Privilege
The CEO of Barnes & Noble was accused of sexual harassment by an executive assistant, triggering an investigation under...
- Posted 2 weeks ago
- 0
IP News
-
Grunts Flummoxed By 21st Century IP Issue
The “right-to-repair” – or more accurately the absence of one – has been an issue in a variety of...
- Posted 2 weeks ago
- 0
-
Cybersecurity Protocols and ADR
Surveys taken after the massive Panama Papers hack suggested that law firm cybersecurity industry-wide was lagging behind health care...
- Posted 2 weeks ago
- 0
-
Photographer Sues Law Firm For Using His Skyline Photo
A Kansas City photographer has sued a law firm, claiming it used his copyrighted work on its website without...
- Posted 2 weeks ago
- 0