EXXON SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS ...
17 Décembre 2016 - 4:50AM
Business Wire
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until January 6, 2017 to file lead
plaintiff applications in a securities class action lawsuit against
Exxon Mobil Corporation (NYSE: XOM), if they purchased the
Company’s securities between February 19, 2016 and October 27,
2016, inclusive (the “Class Period”). This action is pending in the
United States District Court for the Northern District of
Texas.
What You May Do
If you purchased securities of Exxon and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by January 6, 2017.
About the Lawsuit
Exxon and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) Exxon’s internal reports
recognized the environmental risks caused by global warming and
climate change; (ii) because of these risks, Exxon would not be
able to extract its claimed existing hydrocarbon reserves and,
therefore, a material portion should have been written down; and
(iii) Exxon employed an inaccurate “price of carbon” – the cost of
regulations such as a carbon tax or cap-and-trade system – in
evaluating its future oil and gas prospects to materially overstate
the value of its reserves.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161216005015/en/
Kahn Swick & Foti, LLCLewis Kahn, Managing Partner,
877-515-1850lewis.kahn@ksfcounsel.com
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