Glancy Prongay & Murray LLP Commences Investigation on Behalf of Exxon Mobile Corporation Investors
November 09 2016 - 10:30AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf of Exxon Mobile Corporation (“Exxon” or the
“Company”) (NYSE: XOM) investors concerning the Company and its
officers potential violation of federal securities laws.
On October 28, 2016, Exxon announced that the Company may
write down almost 20% of its oil and gas assets. These assets
include, among other things, 3.6 billion barrels of oil and sand
reserves and 1 billion barrels of additional North American
reserves the Company accounted for incorrectly in light of the
sharp decline in oil prices.
On this news, Exxon's share price fell nearly 3%, to close
at $84.78 on October 28, 2016.
If you purchased Exxon securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire,
of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California
90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161109005243/en/
Glancy Prongay & Murray LLP, Los Angeles/New YorkLesley
Portnoy, 310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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