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Exxon loses a round in court battle with New York AG

Published 05/23/2017, 05:58 PM
Updated 05/23/2017, 05:58 PM
© Reuters.  Exxon loses a round in court battle with New York AG
  • A New York state appeals court rules Exxon Mobil (NYSE:XOM) must turn over records in the state attorney general's investigation into how much the company knew about global warming while publicly downplaying the effects on its business.
  • The appeals court upheld a lower court decision, rejecting XOM's argument that the court did not properly consider which state's laws on turning over evidence in an investigation should apply in the case; XOM's headquarters are in Texas, while the probe is taking place in New York.
  • XOM also is fighting the investigation in Manhattan federal court, arguing that NY AG Eric Schneiderman and Massachusetts AG Maura Healey, who is conducting a separate probe, are motivated by politics.
  • Now read: Exxon Mobil's Cautious Approach Now Will Bring Strong Results Later


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