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Yoshikawa v. Exxon Mobil Corporation et al
Case Number:
3:21-cv-00194
Court:
Nature of Suit:
Other Statutes: Securities/Commodities/Exchange
Multi Party Litigation:
Class Action
Judge:
Firms
- Bernstein Litowitz
- Condon Tobin
- Grant & Eisenhofer
- Kessler Topaz
- McKool Smith
- Nix Patterson
- Pomerantz LLP
- Rosen Law Firm PA
- Skadden Arps
- Steckler Wayne
- Steptoe LLP
Companies
Sectors & Industries:
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August 14, 2024
Exxon Can't Beat Investor Suit Over Permian Basin Claims
A Texas federal judge kept a proposed investor class action against Exxon Mobil intact, saying in an opinion that the investors' allegations claiming Exxon overvalued its Permian Basin holdings by billions of dollars and fudged its public statements were strong enough for the case to move forward.
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April 05, 2024
Exxon Mobil Asks Court To Keep Certain Files From Investors
Exxon Mobil Corp. and its officers say that the plaintiffs in a proposed shareholder class action have demanded a substantial trove of documents that goes beyond what's typical in class certification discovery, asking a Texas federal judge to issue a protective order against the proposed production Thursday.
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August 24, 2023
Exxon To Face Trimmed Suit Over Permian Basin Claims
ExxonMobil's officers largely escaped a proposed shareholder class action challenging the valuation of the Permian Basin oil production properties, after a Texas federal judge said Thursday the investors didn't establish a strong inference of scienter, while allowing their scheme liability claims against Exxon and a former senior manager to proceed.
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November 15, 2022
Exxon Invokes Yogi Berra In Bid To Ax 'Deja Vu' Investor Suit
Exxon Mobil Corp. told a Texas federal judge that investors' third attempt at a proposed class action over the value of its oil and gas production properties located in the Permian Basin should be dismissed since the amended complaint is "deja vu all over again."
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October 04, 2022
Exxon Escapes Permian Basin Investor Class Action, For Now
A Texas federal judge has dismissed a proposed investor class action against Exxon over the value of its oil and gas production properties located in the Permian Basin, finding the investors didn't create a strong inference of scienter, or fraudulent intent, for the oil giant or any individual defendants.
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November 29, 2021
Exxon Looks To Dodge Permian Basin Class Action
Exxon asked a Texas federal judge to toss a proposed securities class action, arguing that investors can't sue over forward-looking projections that ultimately missed the mark when the COVID-19 pandemic rocked global markets.
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January 29, 2021
Exxon Faces Class Claims Permian Basin Assets Overvalued
An Exxon Mobil Corp. investor filed a proposed class action in Texas federal court alleging the company overvalued its Permian Basin holdings by billions of dollars, which caused the company's stock price to drop upon reports that federal securities regulators were looking into the valuation.