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A US judge has allowed Exxon Mobil to proceed with its lawsuit against the activist group Arjuna Capital. Exxon Mobil had filed the lawsuit in January seeking to bar a climate resolution proposed by Arjuna Capital. The judge, however, ruled that Exxon Mobil could not pursue its claim against another activist group, Netherlands-based Follow This. The decision comes even after the activist investor group withdrew the shareholder proposal that Exxon opposed.
Exxon can proceed with its case against US-based activist group Arjuna Capital, a US judge ruled, but said the company could not pursue its claim against Netherlands-based Follow This. Exxon sued the groups in January seeking to bar a climate resolution https://t.co/KalhYx3cwB https://t.co/b34gqodwda
Judge rules Exxon can sue activist shareholder over climate proposal https://t.co/iFjfCSwVHV
Exxon can proceed with its lawsuit against an activist investor group even after it withdrew a shareholder proposal the company opposed, a federal judge ruled https://t.co/VBCkoUMGaG
