Could $200 Billion Tobacco-Type Settlement Be Coming Over ‘Climate Change?’
At the Big Law Business Summit last week, New York State Attorney General Eric Schneiderman ripped into Exxon Mobil for its stance on climate change. Schneiderman accused Exxon of glossing over the risks that climate change poses to its core businesses in its public securities statements, and then couching its disclosure as first amendment protected. “The first amendment doesn’t protect fraud – it doesn’t protect fraudulent speech,” he said. [node:read-more:link]