Summary by Futu AI
Exxon Mobil Corporation has addressed concerns raised by Glass Lewis in their Proxy Statement Report regarding the venue of a lawsuit filed by the company. In a letter dated May 24, 2024, Exxon Mobil responded to Glass Lewis' implication that the company had illegitimately filed a lawsuit in Fort Worth, Texas, to seek favorable rulings. The company clarified that both Exxon Mobil and Arjuna Capital, a defendant in the case, agreed that the Fort Worth Division of the Northern District of Texas is the appropriate venue for the case. This joint response was submitted to the court following a May 22, 2024, ruling where the court denied a motion to dismiss the case and removed Follow This due to lack of jurisdiction. Exxon Mobil has urged Glass Lewis to correct their report and reassess their recommendation, particularly highlighting the need for Glass Lewis to disclose its relationships with the Interfaith Center on Corporate Responsibility (ICCR) and Arjuna Capital, as well as the nature of discussions with ICCR members regarding the case.