Exxon Mobil Corporation ("Exxon" or the Company) is a multinational oil and gas company and the world’s largest publicly traded company.

The Complaint alleges that Exxon and its CEO violated Sections 14(a) and 14 (e) of the Securities Exchange Act of 1934. Specifically, the Complaint alleges that during the Class Period, the Defendants issued materially false and misleading financial statements contained in a proxy filed with the Securities and Exchange Commission that, inter alia, overstated the Company 's financial condition by inflating revenue in violation of General Accepted Accounting Principles. In particular, Plaintiff alleges that the proxy and accompanying materials failed to account for impaired assets. Plaintiff seeks to recover on behalf of all those who purchased or otherwise held Mobil stock and exchanged it for Exxon stock.

On July 20, 2004, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on October 4.

Defendants filed a Motion to Dismiss the Complaint on March 18, 2005. On September 14, the Court issued an Order granting Defendants' Motion to Dismiss.

Lead Plaintiff filed a notice appealing the Court's Dismissal Order on October 12, 2005. The Court of Appeals affirmed the District Court's ruling on October 30, 2007.