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New York Goes Out With A Whimper In Its Case Against ExxonMobil
Forbes.com ^ | David Blackmon

Posted on 11/11/2019 6:09:01 AM PST by EyesOfTX

Last Thursday, in a move that surprised everyone but perhaps shouldn’t have come as a surprise at all, New York State Attorney General Tish James withdrew two counts of fraud against ExxonMobil during her closing arguments in the flimsy case she and her predecessor, Eric Schneiderman, spent the last half-decade pursuing against the energy giant.

Tellingly, AG James dismissed the two of her original fraud counts that were based on laws requiring demonstration of actual harm in order to obtain a positive judgment. Her suit claimed that ExxonMobil’s alleged “fraud” of keeping two separate estimates of the future costs of greenhouse gas emissions had cost investors in recent years. Yet, as the Wall Street Journal’s editorial board pointed out in an editorial titled “Parody of a Climate Trial” published on November 7, “Not a single Exxon shareholder at trial claimed to have been deceived. A PricewaterhouseCoopers director who performed 13 years of audits for Exxon said he was not aware of any attempt to manipulate either cost.”

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: New York
KEYWORDS: barryostrager; clickbait; climatechange; exxonmobil; fraud; globalwarming; globalwarminghoax; greennewdeal; martinact; newyork; selfpromotion; tishjames; wallstreetjournal; waronexxon

1 posted on 11/11/2019 6:09:01 AM PST by EyesOfTX
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To: All

Such a BS case never should have been heard.


2 posted on 11/11/2019 6:12:42 AM PST by gibsonguy
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To: EyesOfTX

Excellent work.

All those AGs who filed such suits should be ashamed of the vast fraud they have perpetrated.

But they are on the left. They live by the lie.


3 posted on 11/11/2019 6:13:49 AM PST by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: EyesOfTX
It is a shame that ExxonMobil has not joined the fight against the AGW scam.

They are just another leftist corp. toeing the line of tyranny.

4 posted on 11/11/2019 6:14:00 AM PST by deadrock
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To: EyesOfTX

The Judge should sanction these idiots and sanction them hard.

Disbarment sounds about right.

L


5 posted on 11/11/2019 6:14:39 AM PST by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: EyesOfTX

New York’s anti carbon fuels, anti nuclear campaign will soon bring economic disruption, expensive unreliable electricity as well as political and social unrest to the entire Connecticut, NJ,NY area. The voters will then reap what they have sown.


6 posted on 11/11/2019 6:17:46 AM PST by allendale (.)
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To: EyesOfTX
two separate estimates of the future costs of greenhouse gas emissions had cost investors in recent years

Most likely this was a range of two numbers on potential future estimate costs to investors. Since it would be very difficult to determine an exact number, they most likely came up with a low and high number.

Lawyers!

7 posted on 11/11/2019 6:20:36 AM PST by Lockbox
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To: EyesOfTX

And Exxon/Mobil should have BANNED ALL SALES to Any State suing them over this religious zealotry a long time ago.


8 posted on 11/11/2019 6:23:41 AM PST by eyeamok
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To: EyesOfTX

Nobody saw that one coming, uh uh, nobody.


9 posted on 11/11/2019 6:27:25 AM PST by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: allendale
The voters will then reap what they have sown.

No they won't. They'll just move to Texas or Florida or Georgia or NC, etc. and bring their voting patterns with them to ruin another state.

10 posted on 11/11/2019 6:35:21 AM PST by from occupied ga (Your government is your most dangerous enemy)
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To: deadrock; All
For years, ExxonMobile was one of the few corporations fighting back with ads.

I remember them, and thinking it took real courage to fight back.

I cannot say if I saw the ads in the last 10 years. I just don't read much paper printed stuff anymore.

11 posted on 11/11/2019 6:41:12 AM PST by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: EyesOfTX

I believe the entire idea behind this suit was to get Exxon-Mobile to settle and make it go away. The Ohussein JD this this sort of thing regularly and used the settlement money to give away to their supporters.

I congratulate EM for taking a stand and fighting back. Perhaps others will learn from this.


12 posted on 11/11/2019 6:41:15 AM PST by billyboy15
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To: marktwain

I wish Exxon had the balls to counter-sue the State of New York and the Attorney Generals that represented it...


13 posted on 11/11/2019 6:55:39 AM PST by richardtavor
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To: EyesOfTX

If we have a very, very cold winter this year in NYC don’t be surprised if that place doesn’t go to hell in a handbasket with their gas supplies.

They are increasing use daily but not allowing the pipelines to be built to increase the supply. Gas pressures in the city have been dropping steadily already, anyone guess what a furnace does when the pressure drops too low? Yep, it shuts down. All this because PA is fracking for their gas and NY refuses to buy that filthy fuel.

What’s it going to take? Someone’s grandparents freezing to death in their blankets this winter to make them understand? Naw, it’ll be the gas suppliers fault not the regulators. Just watch the finger pointing when, not if, it happens.


14 posted on 11/11/2019 7:04:26 AM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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To: EyesOfTX

So can Exxon Mobil sue the state of New York for attorney fees and then give them to share holders as a special dividend?


15 posted on 11/11/2019 7:05:36 AM PST by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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To: EyesOfTX

Hey is Schneiderman, the poster boy for NY Democrats, still abusing and beating women?


16 posted on 11/11/2019 7:06:21 AM PST by LeonardFMason (Lou Dobbs)
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To: LeonardFMason

He filed the case and dumb Democrat broad Tish James continued it on the theory Exxon-Mobil would settle out of court.

Didn’t happen. Oops!


17 posted on 11/11/2019 7:28:50 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: EyesOfTX

What can you expect from a lady allowing others to butcher her beautiful name Letitia?


18 posted on 11/11/2019 7:52:34 AM PST by exinnj
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