An investigation on behalf of current long term investors in Exxon Mobil Corporation (NYSE:XOM) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 05/12/2021 -- Certain directors of Exxon Mobil Corporation are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Exxon Mobil Corporation (NYSE: XOM) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: XOM stocks follows a lawsuit filed against Exxon Mobil Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: XOM stocks, concerns whether certain Exxon Mobil directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made false and/or misleading statements and failed to disclose to investors that Exxon forced its employees to use unrealistic assumptions regarding the timelines for well drilling in the Permian Basin, that the foregoing assumptions served to artificially inflate the value of the Company's well operations in the Permian Basin, that the foregoing conduct, when revealed, subjected Exxon to a heightened risk of regulatory investigation and oversight, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Exxon Mobil Corporation (NYSE: XOM) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.