Exxon Dealt a Blow as Texas Judge Sends Climate Suit to N.Y.
- Judge wipes his hands of Exxon’s bitter home-turf court fight
- Company claims state probes were started in ‘bad faith’
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Exxon Mobil Corp.’s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after a Texas judge moved the case from its home turf to a federal court in Manhattan.
Texas isn’t the right venue for Exxon’s lawsuit against New York Attorney General Eric Schneiderman and his Massachusetts counterpart, Maura Healey, because the claims revolve around events in Manhattan, a judge in Dallas ruled Wednesday. Exxon argues that the joint investigation into possible consumer and securities fraud was started in “bad faith.”