US judge dismisses Exxon's lawsuit against Arjuna Capital, after Arjuna agrees not to pursue future proxy filings.
A US judge has dismissed a lawsuit filed by Exxon Mobil against activist investor group Arjuna Capital, after Arjuna agreed not to pursue future proxy filings at the company's annual meetings. Exxon had sued Arjuna in January to stop the investor from submitting a climate proposal at the oil major's May 29 annual shareholder meeting. The judge ruled that Arjuna's promise that it would not submit a similar resolution in the future had rendered the case moot.
June 17, 2024
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