Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

New York court orders Exxon, PwC to comply with NY AG subpoena

Published 10/26/2016, 04:54 PM
Updated 10/26/2016, 05:01 PM
© Reuters. A sign is seen in front of the Exxonmobil Baton Rouge Refinery in Baton Rouge, Louisiana.

(Reuters) - The New York Supreme Court ordered Exxon Mobil Corp (N:XOM) and PwC to comply with a subpoena issued by the New York Attorney General in August related to PwC's auditing of the oil company.

Attorney General Eric Schneiderman's office moved the court on Oct. 14 to compel PwC to hand over certain documents after Exxon said it would not permit the auditor to do so. (http://on.ny.gov/2f8lvzA) (http://on.ny.gov/2f8iXBE)

© Reuters. A sign is seen in front of the Exxonmobil Baton Rouge Refinery in Baton Rouge, Louisiana.

Schneiderman's office is investigating Exxon Mobil's accounting practices and why the oil major hadn't written down the value of its assets in the wake of a slump in oil prices, Reuters reported earlier.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.