Skip to main content

Robbins Geller Rudman & Dowd LLP Announces Pending Class Action Lawsuit in the ExxonMobil Securities Litigation

The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the ExxonMobil Securities Litigation:

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF TEXAS

DALLAS DIVISION

PEDRO RAMIREZ, JR., Individually and on Behalf of All Others Similarly Situated,

 

Civil Action No. 3:16-cv-03111-K

 

   

 

CLASS ACTION

 

 

Plaintiff,

vs.

 

 

   

EXXON MOBIL CORPORATION, et al.,

 

   
 

Defendants.

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION

TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED EXXON MOBIL CORPORATION COMMON STOCK BETWEEN FEBRUARY 24, 2016, AND OCTOBER 28, 2016, INCLUSIVE, AND WERE DAMAGED THEREBY.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Northern District of Texas (the “Court”) that a class action lawsuit is now pending in the Court under the above caption (the “Action”) in which the following persons are or were named as defendants: Exxon Mobil Corporation (“ExxonMobil” or the “Company”), Rex W. Tillerson, Andrew P. Swiger, Jeffrey J. Woodbury, and David S. Rosenthal (collectively, “Defendants”). The Court certified a Class (as that term is defined below) for certain of Lead Plaintiff’s claims.

THIS NOTICE IS NOT A SETTLEMENT NOTICE AND YOU ARE NOT BEING ASKED TO SUBMIT A CLAIM AT THIS TIME. NO ACTION ON YOUR PART IS REQUIRED. HOWEVER, IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THIS ACTION.

This is a securities class action in which Defendants are or were alleged to have violated the federal securities laws. Lead Plaintiff alleges that certain Defendants made material misrepresentations and omissions of material facts in certain public statements during the Class Period. Defendants deny the allegations of wrongdoing asserted in the Action and deny any liability whatsoever to any members of the Class.

By an order dated August 21, 2023, granting in part and denying in part Lead Plaintiff’s motion for class certification, the Court certified the following class (the “Class”):

All persons who purchased or otherwise acquired Exxon Mobil Corporation common stock between February 24, 2016, and October 28, 2016, inclusive, and were damaged thereby.

ECF 178. Certain individuals and entities are excluded from the Class. Id.

A full Notice of Pendency of Class Action (the “Notice”) is available at www.ExxonMobilSecuritiesLitigation.com. If you believe you may be a member of the Class and you would like a printed copy of the Notice, you may request one from:

ExxonMobil Securities Litigation

Notice Administrator

c/o Verita Global

P.O. Box 301171

Los Angeles, CA 90030-1171

If you are a Class Member, you have the right to decide whether to remain a Class Member. If you want to remain a Class Member, you do not need to do anything at this time other than to retain your documentation reflecting your transactions and holdings in ExxonMobil common stock. If you are a Class Member and do not exclude yourself from the Class, you will be bound by the proceedings in the Action, including all past, present, and future orders and judgments of the Court, whether favorable or unfavorable. If you move, or if the Notice was mailed to an old or incorrect address, please send the Notice Administrator written notification of your new address.

As a member of the Class you will be represented by Class Counsel, who are listed below.

ROBBINS GELLER RUDMAN & DOWD LLP

Scott H. Saham

655 West Broadway, Suite 1900

San Diego, CA 92101

Telephone: 1-800-449-4900

gregw@rgrdlaw.com

If you would like to remain part of the Class but be represented separately, you may hire your own attorney at your expense.

If you ask to be excluded from the Class, you will not be bound by any order or judgment of this Court in this Action; however, you will not be eligible to receive a share of any funds that might be recovered for the benefit of the Class. To exclude yourself from the Class, you must submit a written request for exclusion postmarked or received no later than February 5, 2026, to ExxonMobil Securities Litigation, EXCLUSIONS, Notice Administrator, c/o Verita Global, P.O. Box 5100, Larkspur, CA 94977-5100, in accordance with the instructions set forth in the Notice.

Further information regarding this matter may be obtained by writing to the Notice Administrator at the address provided above.

PLEASE DO NOT CONTACT THE COURT REGARDING THIS NOTICE.

DATED: December 8, 2025

BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF TEXAS

 

Contacts

Media Contact:

Robbins Geller Rudman & Dowd LLP

Shareholder Relations Department

Greg Wood

(619) 231-1058

Recent Quotes

View More
Symbol Price Change (%)
AMZN  231.27
-1.25 (-0.54%)
AAPL  273.16
-0.24 (-0.09%)
AMD  213.80
-1.19 (-0.55%)
BAC  55.44
-0.73 (-1.31%)
GOOG  312.80
-2.16 (-0.69%)
META  655.49
-7.80 (-1.18%)
MSFT  485.28
-2.43 (-0.50%)
NVDA  187.04
-3.49 (-1.83%)
ORCL  194.83
-3.16 (-1.60%)
TSLA  466.21
-8.98 (-1.89%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.