The trial of New York’s $1.6 billion securities-fraud lawsuit against Exxon Mobil begins its second week Monday, after a series of witnesses failed to provide any concrete evidence that the oil giant knowingly misled shareholders about its climate change accounting. But, under New York law, how things look to shareholders—rather than what Exxon intended—may be what decides the case.
By Erik Larson. Bloomberg News. October 28, 2019.
