New York Attorney General Barbara Underwood announced a lawsuit against Exxon Mobil on Wednesday, alleging the the company misled its investors by understating risks from climate change regulations.
The suit also alleges that former CEO Rex Tillerson "knew of misrepresentations for years," the state said in a press release.
Exxon Mobil shares fell 1.4 percent, hitting a new intraday low of $78.20 a share.
This story is developing. Please check back for updates.
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