[JURIST] A federal judge in Manhattan on Thursday rejected [PDF, text] Exxon's lawsuit claiming officials in New York and Massachusetts were pursuing bad faith investigation in violation of the oil corporations rights.
The attorneys general are investigating whether Exxon's securities filings misled investors and the public about its knowledge of climate change and the potential effects that climate change may have on Exxon's business.
Exxon contends the investigations are being conducted to retaliate against the oil giant for its views on climate change and thus violate Exxon's constitutional rights. The corporation asks that "two federal courts—first in Texas, not in New York—to stop state officials from conducting duly-authorized investigations into potential fraud."
US District Judge Valerie Caproni dismissed the lawsuit for failing to state a claim, forbidding Exxon from bringing it again. Caproni said, Exxon's allegations are "extremely thin" and speculative."
Exxon filed a lawsuit against the New York and Massachusetts officials in 2016, claiming the probes were part of a conspiracy to "silence and intimidate one side of the public policy debate on how to address climate change."