Martin Act News

Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years. The ruling Tuesday …

Enforcement by the state attorney general against securities fraud doesn’t pre-empt private common-law claims of negligence against investment companies, New York’s top court ruled Tuesday. The Court of Appeals rejected J.P. Morgan Investment Management’s argument that New York’s Martin Act …