A Texas federal judge has dismissed Exxon's lawsuit against climate activist shareholders, including Arjuna Capital. The dismissal preserves the option for other companies to pursue similar legal routes to keep environmental, social, and governance (ESG)-related shareholder proposals off annual meeting ballots. The judge's decision, which was made by a US judge, follows a lawyer for Arjuna Capital's assurance that they would not attempt to resurrect a shareholder policy opposed by Exxon. This ruling ends one skirmish over climate activism and investor advocacy, but larger battles may still lie ahead.
A federal judge’s decision to dismiss an Exxon lawsuit against activist investors preserves the option for other companies to pursue the same route to keep ESG-related shareholder proposals off annual meeting ballots. https://t.co/pDoGA4nzdG
A federal judge dismissed a lawsuit by Exxon against Arjuna Capital after a lawyer for the activist investor group vowed not to try to resurrect a shareholder policy opposed by the company. https://t.co/h7kj5MyA0E
The dismissal of Exxon's litigation against shareholder climate activists only ends one skirmish over investor advocacy — and bigger battles may await. https://t.co/TcGkgwLWhg
The dismissal of an Exxon lawsuit against activist investors preserves the option for other companies to pursue the same novel route to keep environmental, social and governance-related shareholder proposals off annual meeting ballots. https://t.co/TMTUcCtR2i
A Texas federal judge has tossed a suit from a stock trader alleging a social media stock promoter artificially drove up share prices, saying the promoter did not have any duty to disclose to the trader his plans to sell the shares. https://t.co/UUl8DFZMUa
US judge ends Exxon lawsuit against shareholder over climate activism https://t.co/UG1TVb8FIR
Texas court dismisses Exxon’s lawsuit against climate activist shareholders https://t.co/eRfrtOcfJa