NEW ORLEANS, Dec. 2, 2016 /PRNewswire/ -- Kahn Swick
& Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until January 6, 2017 to
file lead plaintiff applications in a securities class action
lawsuit against Exxon Mobil Corporation (NYSE: XOM), if they
purchased the Company's securities between February 19, 2016 and October 27, 2016, inclusive (the "Class Period").
This action is pending in the United States District Court
for the Northern District of Texas.
What You May Do
If you purchased securities of Exxon and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by January 6,
2017.
About the Lawsuit
Exxon and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) Exxon's internal reports
recognized the environmental risks caused by global warming and
climate change; (ii) because of these risks, Exxon would not be
able to extract its claimed existing hydrocarbon reserves and,
therefore, a material portion should have been written down; and
(iii) Exxon employed an inaccurate "price of carbon" – the cost of
regulations such as a carbon tax or cap-and-trade system – in
evaluating its future oil and gas prospects to materially overstate
the value of its reserves.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a
law firm focused on securities, antitrust and consumer class
actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New
York, California and
Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC