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The New York attorney general’s office dropped its claim that Exxon Mobil Corp. intentionally misled investors about how it accounts for the financial risks of climate change, significantly diminishing the state’s case in the last minutes of a high-stakes securities fraud trial.Assistant Attorney General Jonathan Zweig caused a stir Thursday when he revealed during his closing statement that the state was no longer claiming Exxon’s alleged scheme was carried out knowingly and willfully by company officials. The government also dropped its claim that investors relied on those allegedly false statements when buying stock, he said.The state’s central allegation remains -- that Exxon violated New York’s Martin Act by issuing materially misleading statements about its use of a “proxy cost†for carbon. Under that narrower claim, the state doesn’t need to prove intent or show that investors relied on the allegedly false information.https://www.bloomberg.com/news/articles/2019-11-07/exxon-calls-new-york-climate-case-a-joke-on-last-day-of-trial
Seems the state committed fraud and is the one that needs to be criminalized due to its bait and switch of charges it made.Have watched news articles over the years that proves it is never wise to go up against Exxon in court. It will kill you.
And I hope they take the state and wring them so hard they'll think twice about suing them again.
They won't care, it's taxpayer money, not the prosecutor's money. Of course, the idiot taxpayers elected/appointed them.
