A man who invested in Exxon stock filed a securities fraud class action against Exxon and three Exxon officers in the federal court for the Northern District of Texas. The action was filed on behalf of purchasers of Exxon common stock between the months of February and October, 2016. The complaint alleged that Exxon’s public statements during that period were materially false and misleading because they failed to disclose that internally-generated reports concerning climate change recognized the environmental risks caused by global warming and climate change. After the court ruled against Exxon’s motion to dismiss earlier this year, the company challenged class certification. The issue is pending. Then-Secretary of State Rex Tillerson was named among the defendants.

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