Exxon Claim of Bogus Probe Questioned by Judge

摘要

A federal judge questioned Exxon Mobil Corp.'s claim that a securities-fraud probe by New York's attorney general is flawed because its focus shifted from a suspected climate-change cover-up to whether investors were misled. An Exxon lawyer argued Nov. 30 that a "shifting theory of liability" was evidence the investigation is a politically motivated effort to punish the company for not adopting the climate-change "alarmism" shared by the state's top cop, Eric Schneiderman (D), and other Democrats. Justin Anderson, the lawyer, spoke at a hearing in the U.S. District Court for the Southern District of New York.