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XOM Sep 2024 260.000 put(CONTRA
- Zacks
ExxonMobil (XOM) Lawsuit Against Activist Dismissed by US Judge
The dismissal of ExxonMobil's (XOM) lawsuit underscores the complexities and challenges companies face in responding to shareholder activism on environmental issues.
- Reuters
US judge dismisses Exxon case against activist investor over proxy filing
HOUSTON (Reuters) -A U.S. judge on Monday dismissed a lawsuit Exxon Mobil had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company's annual meetings. The lawsuit by the largest U.S. oil company had raised alarm among activists and public pension investors who argued it would muzzle debate among shareholders and public companies. U.S. District Court Judge Mark Pittman ruled Exxon's claim was no longer valid after Arjuna "unconditionally and irrevocably" agreed not to submit a future proposal regarding Exxon's greenhouse gas emissions.
- Zacks
Exxon Mobil (XOM) Stock Slides as Market Rises: Facts to Know Before You Trade
Exxon Mobil (XOM) reachead $108.36 at the closing of the latest trading day, reflecting a -0.69% change compared to its last close.
