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Litigation: New York declines to appeal ruling in Exxon fraud suit

January 13, 2020
New York has effectively ended the state’s case alleging ExxonMobil defrauded investors over the company’s risks from climate change even as the oil giant faces a separate fraud complaint from Massachusetts. Bloomberg reports that Attorney General (AG) Letitia James (D) announced Jan. 10 that the state is declining to appeal its trial-court loss in its suit claiming the company defrauded investors, though she declined to provide a reason for her decision. Despite deciding not to pursue an appeal, the...

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