Prof. Ronald Colombo Quoted on Landmark Exxon Climate-Change Case in Law360 Story

Ronald J. Colombo, Professor of Law

Landmark Exxon Climate Change Case Heads To Trial
By Keith Goldberg
Oct. 18, 2019


The Big Question
For all the battles Exxon and the attorney general’s office have fought in federal and state courtrooms and the press since former Attorney General Eric Schneiderman launched a probe of the company in 2015, experts say the key issue at trial is pretty straightforward: Did Exxon’s alleged internal use of a climate-related financial assessment different from the one it outlined to investors constitute a material misstatement?

“At the end of the day, if Exxon lied to investors and said they were somehow taking into account the cost of climate change regulation on their business model … and they actually weren’t taking it into account, that would be fraud,” said Ronald Colombo, a securities law professor at Hofstra University’s Maurice A. Deane School of Law. “That’s it in a nutshell.”

Read the full article on the Law360 website.

Latest Tweets

  • Law students in the Robert W. Entenmann Veterans Law Clinic presenting at tonight's “Know Your Rights” training for… https://t.co/sHRfZgvkLK
    about 1 day ago
  • Thanks for being on the panel! #HofstraLaw https://t.co/iJ4TTJXOhY
    about 1 day ago
  • Thank you for participating in the event! #HofstraLaw https://t.co/x85DNq7GQn
    about 1 day ago
  • Yesterday, more than 25 law students from the Veterans Legal Assistance Project (VLAP) volunteered at our one-day V… https://t.co/ywuPKxqQQg
    about 4 days ago
  • Article by Prof. Norman Silber and Alumnus Steven Stites ’13 Published in Virginia Law & Business Review https://t.co/NHY1aBK2jY
    about 4 days ago
  • Thanks for attending! https://t.co/E8SlaUtkwY
    about 1 week ago