Judge dismisses Exxon case against activist group Arjuna

US District Court Judge Mark Pittman ruled Exxon’s claim was no longer valid after Arjuna “unconditionally and irrevocably” agreed not to submit a future proposal regarding Exxon’s greenhouse gas emissions. — Reuters

HOUSTON: A United States judge dismissed a lawsuit Exxon Mobil had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company’s annual meetings.

The lawsuit by the largest US oil company had raised alarm among activists and public pension investors who argued it would muzzle debate among shareholders and public companies.