{"id":459220,"date":"2021-03-16T17:11:43","date_gmt":"2021-03-16T21:11:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459220"},"modified":"2021-03-16T17:11:43","modified_gmt":"2021-03-16T21:11:43","slug":"xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/","title":{"rendered":"XOM CLASS ACTION DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Exxon Mobile Corporation"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, March  16, 2021  (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Exxon Mobil Corporation (&#8220;Exxon&#8221; or the &#8220;Company&#8221;) (NYSE: XOM) from November 6, 2019 through January 14, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Northern District of Texas alleges violations of the Securities Exchange Act of 1934.<\/p>\n<p>If you <strong>purchased Exxon securities, and\/or would like to discuss your legal rights and options<\/strong> please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=otspJyke1wOPZY5a5li4T1k25mc77Hwvyg1TjxLS7pz7f8vf9yocV85T_W0vh-rY0ew-Ml4z6zKRP3ctBG4N_2OdK1f9kN-lWFJ8TouTIl1_CvPAG5FqrDBPmEU68jzbEZcpcZg2BwaKAapMg_tWDakhn9ukVdnMjOu9_DRtf_F0CcWrzPG5sz-NJzKqHb-2OOrHUhd_L1Kit4KIpyT1sSmW2cKUjGQvezJeBktuMHI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Exxon Shareholder Class Action Lawsuit<\/a> or contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=swdpYQdMPmpZECPAK3kQOVsJ4dpsY4_nrpjRjZxCybxKb1k8soMO_xEkVMXNdS53CnKGtjJkpkbqtqvyXPKfv7tFX3DSSULXj0Mi3Odaz1o=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Matthew E. Guarnero<\/a> toll free at <strong>(877) 779-1414<\/strong> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eEHIRetQwk4PzdWGLE6fBfsIXc2HIdc2fyFU0lihcMn8FuwKkDZTAKfFTdJLupChuvIzLdWrKh5pt3-CV4_hEVTENBjI_qFpUBZWoIDLi7Y=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">MGuarnero@bernlieb.com<\/a>.<\/p>\n<p>The complaint alleges that throughout the Class Period, defendants made materially false and\/or misleading statements, as well as failed to disclose to investors: (i) Exxon forced its employees to use unrealistic assumptions regarding the timelines for well drilling in the Permian Basin; (ii) the foregoing assumptions served to artificially inflate the value of the Company\u2019s well operations in the Permian Basin; (iii) the foregoing conduct, when revealed, subjected Exxon to a heightened risk of regulatory investigation and oversight; and (iv) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n<p>On January 15, 2021, pre-market, the Wall Street Journal published an article entitled \u201cExxon Draws SEC Probe Over Permian Basin Asset Valuation.\u201d The article reported that the SEC probe stemmed from a whistleblower complaint that, during a 2019 internal assessment, workers were forced to use unrealistic assumptions about how quickly wells in the Permian Basin could be drilled to reach a higher valuation, and that at least one worker who complained about the assumptions was fired.<\/p>\n<p>On this news, Exxon\u2019s stock price fell $2.42 per share, or 4.81%, to close at $47.89 per share on January 15, 2021.<\/p>\n<p>If you wish to serve as lead plaintiff, you must move the Court no later than March 29, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn\u2019t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.<\/p>\n<p>If you <strong>purchased Exxon securities, and\/or would like to discuss your legal rights and options<\/strong> please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YYI1bORu0F6eyGIGB9UrBIcHTd1H63moTS-8DDxu1_l29kKSbAmy3dEu4ngYXTxHREDfyrfzkrqr5GOfa8WlhdfpMcRtvhaHcVRjbnpEmvULJWvblcMTV34ywbNBph-cta3GwlZHVcxxQRzsAjs8LrZW_1j-viCr1VDh_WGn4M0_D1yIcF8epqY4SpUdGSKOzRwfvyBp540yXGgHFcjJRVe2FW84b-KDOCnedx0swqp3-n7LjfxLArux7KNBWer7T4lAcv1Pb2LdHFE_5VtyuAp1h6pjDgfna84fhSuzC_q1y6ouy3hBR-7zvsaRcvfgFzuSsXOzG1cu7rnNQJ4Czg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.bernlieb.com\/cases\/exxonmobilecorporation-xom-shareholder-class-action-lawsuit-stock-fraud-358\/apply\/<\/a> or contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=swdpYQdMPmpZECPAK3kQOfGuG_dhdJ8SJ5dsJxoxiPlPwd5v7H13v2S4S5YKM6dvOJzXmrqRxI2KFMatPF6hPcgE_FF0YinSXIRj-km5wCQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Matthew E. Guarnero<\/a> toll free at <strong>(877) 779-1414<\/strong> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eEHIRetQwk4PzdWGLE6fBfsIXc2HIdc2fyFU0lihcMkO6CU9lTwQpFMp05reYAGmroetVeA2IBSfhgc3YoaL1Woj6YC4z_Ose-nM-6kblzs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">MGuarnero@bernlieb.com<\/a>.<\/p>\n<p>Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal\u2019s \u201cPlaintiffs\u2019 Hot List\u201d thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n<p>ATTORNEY ADVERTISING. \u00a9 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n<p>Contact Information<\/p>\n<p>Matthew E. Guarnero<br \/>Bernstein Liebhard LLP<br \/>https:\/\/www.bernlieb.com<br \/>(877) 779-1414<br \/>MGuarnero@bernlieb.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTMzMyM0MDY3NzUzIzIwMjkzNDk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/529f7039-8f7e-42c1-9e7d-7488cb032336\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Exxon Mobil Corporation (&#8220;Exxon&#8221; or the &#8220;Company&#8221;) (NYSE: XOM) from November 6, 2019 through January 14, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Northern District of Texas alleges violations of the Securities Exchange Act of 1934. If you purchased Exxon securities, and\/or would like to discuss your legal rights and options please visit Exxon Shareholder Class Action Lawsuit or contact Matthew E. Guarnero &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XOM CLASS ACTION DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Exxon Mobile Corporation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-459220","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XOM CLASS ACTION DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Exxon Mobile Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XOM CLASS ACTION DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Exxon Mobile Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) &#8212; Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Exxon Mobil Corporation (&#8220;Exxon&#8221; or the &#8220;Company&#8221;) (NYSE: XOM) from November 6, 2019 through January 14, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Northern District of Texas alleges violations of the Securities Exchange Act of 1934. If you purchased Exxon securities, and\/or would like to discuss your legal rights and options please visit Exxon Shareholder Class Action Lawsuit or contact Matthew E. 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The lawsuit filed in the United States District Court for the Northern District of Texas alleges violations of the Securities Exchange Act of 1934. If you purchased Exxon securities, and\/or would like to discuss your legal rights and options please visit Exxon Shareholder Class Action Lawsuit or contact Matthew E. Guarnero &hellip; Continue reading \"XOM CLASS ACTION DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Exxon Mobile Corporation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-16T21:11:43+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTMzMyM0MDY3NzUzIzIwMjkzNDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"XOM CLASS ACTION DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Exxon Mobile Corporation","datePublished":"2021-03-16T21:11:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/"},"wordCount":595,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MTMzMyM0MDY3NzUzIzIwMjkzNDk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/xom-class-action-deadline-bernstein-liebhard-llp-reminds-investors-of-the-deadline-to-file-a-lead-plaintiff-motion-in-a-securities-class-action-lawsuit-against-exxon-mobile-corporation\/","name":"XOM CLASS ACTION DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Exxon Mobile Corporation - 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