NEW YORK, NY / ACCESSWIRE / January 20, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Exxon Mobil Corporation ("Exxon" or "the Company") (NYSE:XOM). Investors who purchased Exxon securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/xom.
The investigation concerns whether Exxon and certain of its officers and/or directors have violated federal securities laws.
On January 15, 2021, the Wall Street Journal published an article entitled "Exxon Draws SEC Probe Over Permian Basin Asset Valuation." The article reported that the U.S. Securities Commission probe stems 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. On this news, Exxon's stock price fell $2.42 per share, or 4.81%, to close at $47.89 per share on January 15, 2021.
If you are aware of any facts relating to this investigation, or purchased Exxon shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/xom. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC