Federal Judge Mark Pittman ruled the case became moot after Arjuna Capital promised to withdraw the climate change shareholder proposal that had spurred the lawsuit and to never submit anything similar again.
June 18, 2024 at 03:05 PM
4 minute read
The original version of this story was published on Corporate Counsel
A federal judge is forcing Exxon Mobil to walk away from a lawsuit it filed against an activist investor—a case some shareholder-rights advocates had blasted as bullying.
Texas federal Judge Mark Pittman dismissed the suit on Monday, which the oil giant brought in February against Arjuna Capital. The suit had asked the court validate its decision to reject a shareholder proposal submitted by Arjuna that implored Exxon to strengthen its climate initiatives.
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Personnel NoticeNotice Number Announcement Date108-24 06/11/2024Closing Date Command & Location7/11/2024 NAVSUP Philadelphia, PAGrade ...
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