Exxon Hit With Shareholder Derivative Suit Over Climate Change Misstatements

(May 7, 2019, 2:06 PM EDT) -- DALLAS — Several current and former Exxon Mobil Corp. executive officers and directors breached their fiduciary duty and were unjustly enriched by misrepresenting how the oil and gas company’s business model was impacted by climate change, a shareholder argues in a March 2 shareholder derivative lawsuit filed in Texas federal court (Sarah Von Colditz v. Darren W. Woods, et al., No. 19-1067, N.D. Texas)....

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