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ExxonMobil Securities Litigation - Class Action Lawsuit - See Hyperlink for the Details on Your Rights

The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency of Class Action ("Notice"). Because this website is just a summary, you should review the Notice for additional details.

A class action lawsuit is now pending in the United States District Court for the Northern District of Texas (the "Court") under the caption Ramirez v. Exxon Mobil Corporation, et al., Civil Action No. 3:16-cv-03111-K (N.D. Tex.) (the “Action”) against Exxon Mobil Corporation (“ExxonMobil” or the "Company"), Rex W. Tillerson, Andrew P. Swiger, Jeffrey J. Woodbury, and David S. Rosenthal (collectively, “Defendants”). The Action has been certified by the Court to proceed as a class action on behalf of a class of certain purchasers and acquirers of Exxon Mobil Corporation common stock. No trial has yet occurred in this Action and no findings of fact, fault, or liability have been made as to any of the parties.

The "Class,” as certified by the Court, consists of: All persons who purchased or otherwise acquired Exxon Mobil Corporation common stock between February 24, 2016, and October 28, 2016, inclusive (“Class Period”) and were damaged thereby.

Excluded from the Class are Defendants and their families, the officers and directors of ExxonMobil, at all relevant times, members of their immediate families and their legal representatives, heirs, successors or assigns, and any entity in which Defendants have or had a controlling interest.

OVERVIEW AND STATUS OF THIS ACTION

The Notice is not an admission by Defendants or an expression of any opinion by the Court concerning the merits of the Action or a finding by the Court that the claims asserted by the Class Representative in this Action are valid. The Notice is intended solely to advise you of the pendency of the Action and of your rights in connection with it, including the right to request exclusion from the Class. Defendants have: (i) denied all claims and wrongdoing asserted in the Action and any liability arising out of the conduct alleged therein; and (ii) asserted various defenses.

This is a securities class action against Defendants for alleged violations of the federal securities laws during the Class Period. Defendants deny all allegations of wrongdoing asserted in this Action and deny any liability whatsoever to any members of the Class.

The Court has not decided in favor of the Class Representative or Defendants. The litigation is ongoing. To date, there has been no recovery of any money for the Class.

YOUR RIGHTS AS A MEMBER OF THE CLASS

If you purchased or otherwise acquired Exxon Mobil Corporation common stock between February 24, 2016 up through and including October 28, 2016, and you are not excluded from the Class by definition, you are a member of the Class. If you are a member of the Class, you have the right to decide whether to remain a member of the Class. If you choose to remain a member of the Class, you do not need to do anything at this time other than to retain your documentation reflecting your transactions and holdings in Exxon Mobil Corporation common stock as discussed in the Notice. If you are a member of the Class and wish to be excluded from the Class, you must request exclusion in accordance with the procedure set forth in the Notice. Your decision is important for the following reasons:

If you choose to remain a member of the Class, you will be bound by all past, present, and future orders and judgments in the Action, whether favorable or unfavorable. If any money is awarded to the Class, either through a settlement with Defendants or a judgment of the Court, you may be eligible to receive a share of that award. If, however, Defendants prevail, you may not pursue a lawsuit on your own behalf with regard to any of the issues decided in this Action.

If you choose to be excluded from the Class, you will not be bound by any judgment in this Action, nor will you be eligible to share in any recovery that might be obtained in this Action. However, you may be able to retain the right to individually pursue any legal rights that you may have against any Defendants with respect to the claims asserted in the Action, although such claims may be time-barred. Please refer to the Notice if you would like to be excluded from the Class.

Unless otherwise allowed by the Court, members of the Class will not have another opportunity to exclude themselves or otherwise opt out of the Action.

Please note that if you remain a member of the Class, you will not be personally responsible for Class Counsel’s attorneys’ fees or costs. Class Counsel has agreed to represent the Class on a contingent fee basis, which means that they will be awarded fees and costs only if they succeed in obtaining a recovery from one or more Defendants. Any attorneys’ fees for Class Counsel will be awarded by the Court from the settlement or judgment, if any, obtained on behalf of the Class. As a member of the Class you will be represented by Class Counsel. You may remain a member of the Class and elect to be represented by counsel of your own choosing. If you do retain separate counsel, you will be responsible for that counsel’s fees and expenses and such counsel must enter an appearance on your behalf by filing a Notice of Appearance with the Court and mailing it to Class Counsel at the address set forth in the Notice on or before February 5, 2026.

Members of the Class will be eligible to participate in any recovery that might be obtained in the Action. While the Notice is not intended to suggest any likelihood that Class Representatives or members of the Class will recover any such damages, should there be a recovery, members of the Class will be required to support their requests to participate in the distribution of any such recovery by demonstrating their membership in the Class and documenting their purchases, sales, and/or holdings of Exxon Mobil Corporation common stock. For this reason, please be sure to keep all records of your transactions in these securities. No money or benefits are available now and there is no guarantee that money or benefits will be obtained. If they are, you will be notified regarding how to obtain a share.

ADDITIONAL INFORMATION
Although the information on this website is intended to assist you, it does not replace the information contained in the Notice of Pendency of Class Action, which can be found and downloaded on the Notices page of this website. We recommend that you read the Notice and other relevant case documents carefully. You may also wish to read the answers to Frequently Asked Questions provided on this website. If you have not received a Notice and would like to confirm that you are on the mailing list for further notice mailings in this matter, please contact the Notice Administrator and request that a Notice be sent to you at your current mailing address.

https://www.exxonmobilsecuritieslitigation.com/

#Litigation #SEC #StockPrice

New Plano campus ain’t gonna happen, folks!

Do y’all realize how many announcements Apple, Google, and gang have made about new campuses then the start date for construction gets pushed for this or that reason? Do you know how many permits it takes to knock down huge existing office buildings and the time it will take to pull up massive parking lots and roadways? Just thinking about the number of dump truck runs needed is mind boggling.

This is just big talk to make the news and try to garnish a stock price “buy” recommendation. A new CEO will be named in the next few years and will squash this whole idea, lease a few buildings and call it a day!

#CEO #Construction #Plano #StockPrice

Corporates is Plummeting the Stock Price

Lots of talk on here how LCM is to blame for messing up Corporates, but anyone take a look at the Head of Customer Success, GW?

Not only is this guy one of the most selfish, self involved leaders I have ever seen, he is responsible for offshoring renewals to Mexico City and wasting thousands in failed software initiatives. Thomson Reuters still hasn't billed thousands in renewals, thanks to this guys decision to reorg.

The running joke around the CSM org is he just have dirt on the high ups....

For a guy that singhandledly tanked Gainsight and has never met with a customer, in any other org a "leader" like this would be fired. Thanks for wasting an entire year of work with no backup plan.

If the stockholders only knew how bad recurring revenue is in corporate due to bad decisons they would be horrified.

#CustomerSuccess #Leadership #Offshoring #Reorg #StockPrice

How do layoffs affect the stock price?

I keep hearing that the reason this company does layoffs is to help the stock price. But since they never do a formal press release announcing the layoffs, how can layoffs possibly affect the stock? I thought the whole point of laying people off a little at a time was so that the public doesn't find out.

#Layoffs #Rumor #StealthLayoff #StockPrice

Hp Inc stock hits 52-week low at $21.20

"HP Inc’s stock has reached a 52-week low, hitting $21.20, marking a significant point in its trading history. This decline reflects a broader downward trend for the company, as HP Inc has experienced a substantial decrease of 36.53% over the past year. The technology giant has faced various challenges in the market, which have contributed to this notable drop in its stock value. Investors are closely watching to see how HP Inc will navigate these difficulties and whether it can rebound from this low point."
https://www.investing.com/news/company-news/hp-inc-stock-hits-52week-low-at-2120-93CH-4435466

Yes, keep laying off your best and most innovative employees and keep hoping that everyone buys your "HP Invent" mantra.

#StockPrice #Layoffs #Leadership

ALL TIME HIGH BABY !!

Wot ?!?
All it took to bounce the stock higher was divest the space companies and programs ? Those fat cash-immobile programs.

Why didn’t they do this sooner ? So much bloodshed with folks we lost since April 2024.

Expect more moves like this every few years as LHX responds to the market and challenges of nimble defense startups and China Dual Use adversaries.

Can we rebrand also as:
“The Trusted Transforming Disruptor”

#StockPrice #Divestiture #Strategy

When should we sell SNDK stocks?

SanDisk stock has been rallying again. When should we sell? I have been hearing analysts saying 2026 will be the year for memory stocks. Some people are saying memory is getting more expensive than GPU and AI hitting a memory wall. All this is making me feel I should hold onto my stocks. But I do wanna sell as it is so high right now.

#AI #Analyst #Investing #Stock #StockPrice

Ransacked is a thief and a conman

How does one inherit a multi-billion dollar chemical company and reduce it to a lemonade stand that recycles..then lays off a thousand (yes a thousand) skilled legacy employees while hanging on to yes-men director level leadership who are just as complicit.
Check the stock price - ripe for a fire sale.

#BadLeadership #Layoffs #StockPrice

Intel Year End Review and what to expect? How did LBT avoid his own layoff by Trump?

"LBT achieved getting paid a lot of money by Intel. Also increased stock price from 20 to 40. Convinced Trump Intel was too big to fail and not only got him to donate money, got him to Arm twist nVidia to do so too. Also got Intel to donate to his startups. Wow! Increased margins by reducing headcount, either by outright layoffs or by giving employees BE and PIP thereby saving severance package. Increased productivity by telling employees to “laser focus” on working hard.

However, Intel is nowhere in AI. Anybody who is employable enough to find a job at some other company has done that by now."

"I am wondering how much he paid to the government officials to avoid his own layoff and even got the fund to bump up the stock. Remember INTC stock was kicked out the DOW earlier not too long ago and why it is suddenly bump up almost 100% in just a few months (?) Who is behind the manipulation order ?"

How long before intel's inflated stock plunges?

#StockPrice #Leadership #Layoff #Speculation

When is MF accountable?

MF has been in position and seen through this entire DEBACLE! Frankly, I take offense with him sitting on stage presenting 101 corporate Finance - we all went to college and understand how it works. Do your job and EXPLAIN the changes we are making to navigate this storm and improve.

Under MF, our stock price has TANKED… not a great outcome for a CFO.

WAKE UP NIKE BoD !!

#Accountability #BoardOfDirectors #CFO #Finance #StockPrice