NY Supreme Court orders ExxonMobil to comply with AG’s subpoena

The New York Supreme Court ordered ExxonMobil Corp. and its outside auditor, PwC LLP, to comply with a subpoena the state attorney general’s office issued on Aug. 19 for documents related to the financial services firm’s work for the multinational oil company.

Judge Barry R. Ostrager said in his Oct. 26 decision that a Texas law regarding accountant-client privilege, which ExxonMobil had cited, did not apply in this case. The company subsequently said that it disagrees with the ruling and plans to appeal.

New York Atty. Gen. Eric T. Schneiderman (D) said in a subpoena his office issued to ExxonMobil on Nov. 15, 2015, that the company may have violated the state’s Martin Act with misleading public disclosures related to climate change. The Aug. 19 subpoena sought related documents from PwC.

“It is undisputed that [ExxonMobil] has produced at least 1 million documents to the NYAG pursuant to [the subpoenas],” Ostrager said in his decision.

Contact Nick Snow at nicks@pennwell.com.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...