Exxon Mobil objects to the Securities and Exchange Commission's rule on shareholder proposals. So why is it suing these small investors instead of the SEC?
So you are suing … the people that partially own your company? Only in America can you sue someone without any good reason and still win by default because you have more cash on hand. Cash the defendant partially provided no less.
So you are suing … the people that partially own your company? Only in America can you sue someone without any good reason and still win by default because you have more cash on hand. Cash the defendant partially provided no less.
Presumably the “reason”/standing is that shareholders talking about climate change might reduce the company’s value hurting the other shareholders
The funny part would be that they actually might win because share value is more important than the environment.