NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Exxon Mobil Corporation (NYSE: XOM) between November 6, 2019 and January 14, 2021, inclusive (the “Class Period”).
To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=exxon-mobil-corporation&id=2573 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
If you wish to serve as lead plaintiff, you must move the Court before the March 29, 2021 DEADLINE. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that- Exxon forced its employees to use unrealistic assumptions regarding the timelines for well drilling in the Permian Basin; the foregoing assumptions served to artificially inflate the value of the Company’s well operations in the Permian Basin; the foregoing conduct, when revealed, subjected Exxon to a heightened risk of regulatory investigation and oversight; and as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
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