Photo: AP/Reed Saxon Judge Dismisses Exxon Suit Against Investor, Defusing Showdown That Sparked Outrage
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
Corporate Governance
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.
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