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Exxon Mobil Escapes A Time Bomb in U.S. Court

Just imagine if the judge had ruled otherwise! The oil industry had a big escape from an atomic bomb here.

A New York state judge cleared Exxon Mobil Corp. of fraud claims, saying New York’s attorney general had failed to establish that the oil giant had deceived investors about how it accounted for the cost of future climate-change regulation.

The verdict Tuesday capped a nearly three-week civil trial between the state and Exxon, which had spent several years fighting the case. The company is battling similar accusations in other state and federal courts.