Exxon Concealed Climate Change’s Effects On Business Model, Investors Says

(November 16, 2016, 2:09 PM EST) -- DALLAS — An Exxon Mobil Corp. shareholder filed a securities class action complaint in Texas federal court on Nov. 7, alleging that the company and certain of its senior officials issued a series of misrepresentations regarding Exxon’s business model and the effect global warming and climate change were expected to have on that business model in violation of federal securities laws (Pedro Ramirez Jr. v. Exxon Mobil Corp., et al, No. 16-3111, N.D. Texas)....

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