XOM SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Exxon Mobil Corp. & a Le...
December 07 2016 - 10:45AM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Northern District of
Texas on behalf of investors who purchased Exxon Mobil Corporation
(NYSE: XOM) securities between February 19, 2016 and October 27,
2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/exxon-mobil-corporation. There
is no cost or obligation to you.
According to the complaint, Exxon’s public statements were
materially false and misleading by virtue of failure to disclose
that: (a) Exxon’s own internally generated reports concerning
climate change recognize the environmental risks caused by global
warming and climate change; (b) given the risks associated with
global warming and climate change, the Company would not be able to
extract the existing hydrocarbon reserves Exxon claimed to have
and, therefore, a material portion of Exxon’s reserves were
stranded and should have been written down; (c) Exxon had employed
an inaccurate “price of carbon” – the cost of regulations such as a
carbon tax or a cap-and-trade system to push down emissions – in
evaluating the value of certain of its future oil and gas prospects
in order to keep the value of its reserves materially
overstated.
If you suffered a loss in Exxon Mobil you have until January 6,
2017 to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn’t require that you serve as
a lead plaintiff. To obtain additional information, contact Vincent
Wong, Esq. either via email vw@wongesq.com, by telephone at
212.425.1140, or visit
http://www.wongesq.com/pslra/exxon-mobil-corporation.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161207005836/en/
The Law Offices of Vincent WongVincent Wong, Esq.,
212-425-1140Fax. 866-699-3880vw@wongesq.com
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