Governance
New York AG loses climate fraud case but increases regulatory scrutiny
Dec 10, 2019
New York Supreme Court ruled in ExxonMobil's favor in AG's lawsuit alleging the company defrauded investors by maintaining two sets of books for climate risk projections. Despite the ruling, the case intensified regulatory scrutiny of fossil fuel industry climate disclosures.
Key Details
Agency
New York Attorney General
Date
December 10, 2019
Severity
Moderate
Location
New York (State Court)
Domain
Governance