Federal Contractor Misconduct Database (FCMD)
Climate Change Cover-Up (Shareholder Class Action)
Exxon Mobil stockholders filed a class action lawsuit alleging the company concealed knowledge of climate change to investors. The lawsuit accuses Exxon of failing to disclose the threat of global warming and overstating the stock value of its oil and gas reserves. It alleges that Exxon had known for years that the company’s access to its reserves would be limited due to an increase in global temperatures.
- Misconduct Type
- Enforcement Agency
- Contracting Party
- Court Type
- Date of Complaint