Massachusetts AG Files Amended Complaint, Drops Claim Featured in Failed New York Attorney General Case

On Friday, Massachusetts Attorney General Maura Healey filed an amended complaint in her lawsuit against ExxonMobil for allegedly deceiving Massachusetts investors and consumers about climate change-related risks. Most notably, the attorney general dropped one of the two claims of investor deception, which was largely copied and pasted from the New York attorney general’s securities fraud lawsuit – a lawsuit that failed after a less than three-week long trial in November 2019.

In the amended complaint, the Massachusetts attorney general included additional allegations, connecting one to the current COVID-19 outbreak as an example of how the company isn’t accounting for “expected changes to fossil fuel demand” such as climate change, and is therefore misleading investors.

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