SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Exxon Mobile Corporation - XOM
NEW YORK, Nov. 8, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Exxon Mobile Corporation ("Exxon" or the "Company") (NYSE: XOM) (ISIN: US30231G1022). Investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Exxon and certain of its officers and/or directors have violated the federal securities laws.
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On October 28, 2016, pre-market, Exxon disclosed that the Company might be forced to write down nearly 20% of its oil and gas assets, including 3.6 billion barrels of oil sand reserves and 1 billion barrels of other North American reserves that were not profitable to produce under prevailing market conditions.
On this news, Exxon's share price fell $2.14, or 2.46%, to close at $84.78 on October 28, 2016, on unusually high trading volume.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
SOURCE Pomerantz LLP
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