Exxon's Victory in New York Climate Suit May Set a Precedent
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Exxon's Victory in New York Climate Suit May Set a Precedent

December 23, 2019

John F. Parker and Nicholas Fox, members of the firm’s Toxic Tort practice, wrote an article for Law360 discussing Exxon Mobil’s victory in the New York State Supreme Court after they allegedly defrauded investors by increasing the companies value with internal climate risk metrics.

In “Exxon’s Victory In New York Climate Suit May Set A Precedent,” John and Nick analyze the 12-day trial, including the defense by the New York state attorney general, the impact on climate change as it relates to greenhouse gas, and the additional allegations of securities fraud.

“This was the first trial directly centered around a U.S. fossil fuel company’s knowledge of climate change and its business impacts. We suspect that other courts throughout the nation will now take notice, and to the extent parties intend to assert similar claims in future, will consider this decision for the requisite evidence related to such claims.”

 

Read the full article here:

Exxon’s Victory in New York Climate Suit May Set a Precedent,” Law360, December 20, 2019

More about Goldberg Segalla’s John F. Parker and Nicholas Fox:

John F. Parker, vice chair of the firm’s Environmental practice group, defends clients across the country in complex environmental and toxic tort litigation, and advises them on environmental regulatory and compliance matters. He counsels clients on the full spectrum of state and federal regulations governing environmental disputes and regulatory actions, including the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), the Resource Conservation and Recovery Act (RCRA), Clean Air Act, Clean Water Act, and others. John focuses a significant portion of his practice on litigating civil and administrative environmental matters such as cost recovery actions, citizen suits, and enforcement proceedings relating to site contaminations, spills, and remediation involving underground storage tanks, PCBs, and the fuel additive MTBE.

Nicholas Fox focuses his practice on counseling and defending clients in all stages of complex toxic tort, environmental, and asbestos litigation. His background includes handling claims related to personal injury, workers’ compensation, and medical malpractice, as well as litigating business, commercial, and construction matters. Additionally, Nick possesses experience in several other areas of law, such as contract disputes, product liability, premises liability, negotiable instruments, Uniform Commercial Code (UCC) Law, business torts, and business fraud.