A federal judge in Texas dismissed Exxon Mobil’s controversial lawsuit against Arjuna Capital over a climate proposal.

Nobody won in a major climate change lawsuit. A federal judge dismissed ExxonMobil’s controversial suit against an environmental activist shareholder group on Monday, arguing that there was no reason for the suit to even exist.

A federal judge ruled that the case was moot after the investor, Arjuna Capital, withdrew the proposal with a promise not to try again.

A Texas federal judge on Monday dismissed a lawsuit by ExxonMobil against activist investor Arjuna Capital following the firm's promise not to file any climate change-related shareholder proposals. Why it matters: Although the oil giant could refile its lawsuit,

A federal judge in Texas has dismissed a lawsuit from Exxon Mobil in which the oil giant sought to push back on shareholder activists and raise larger questions around how the Securities and Exchange Commission runs the proxy process.

A federal judge tossed Exxon Mobil’s lawsuit against activist investor Arjuna Capital because the shareholder proposal on which the lawsuit was based was withdrawn, rendering the case moot. “The court cannot advise Exxon of its rights without a live case or controversy to trigger jurisdiction,

A federal judge said he was prevented from weighing in on a heated battle between the oil giant and a sustainability-focused investment firm.

HOUSTON (Reuters) -A U.S. judge on Monday dismissed a lawsuit Exxon Mobil had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company's annual meetings.