Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Mersky

(4,969 posts)
11. NY has, eh, standing to bring securities fraud charges
Wed Dec 11, 2019, 12:05 PM
Dec 2019

For investments on the NYSE, headquarters and offices in Manhattan.

Otherwise, imo, it comes down to documented money investment placed on the word of Exxon. Is a way to show direct monetary harm/damages for pushing false information to investors.

An over-the-top, hypothetical example of the physical effects of a climate change type case to bring is if a big oil concern built a dummy refining facility too close to the rising tidal waters as a show of confidence that climate change isn't happening, while simultaneously building the real plant on higher ground. If everyday people built houses and communities close to the dummy plant with intent to live and work there for 30+ years, but internally, the big oil co. knew it would only operate for seven years before shifting to the other plant, then those who built their lives close to the temporary plant might have a case. Let me again state, this example is hypothetical - to the point of being a nearly cartoonishly perfect case.

Latest Discussions»Latest Breaking News»Exxon found not guilty in...»Reply #11