Reported 8 months ago
A U.S. judge has dismissed a lawsuit filed by Exxon Mobil against activist group Arjuna Capital after the group agreed not to submit future proxy filings at the company's annual meetings. The lawsuit, which raised concerns among activists and public pension investors, was dismissed by U.S. District Court Judge Mark Pittman after Arjuna committed to not proposing any future resolutions about Exxon's greenhouse gas emissions. The dismissal was without prejudice, allowing Exxon to refile the case in the future if needed.
Source: YAHOO