Arjuna Lawyer’s License at Risk if Investor Revives Exxon Policy

A Boston attorney for an activist investor group will be in big trouble with a Texas federal court if the entity resurrects a shareholder policy opposed by Exxon Mobil Corp, a judge warned him on Monday.

Judge Mark Pittman of the Northern District of Texas told Matthew Miller, of Foley Hoag LLP, that if Arjuna Capital or an ally group repackages the anti-fossil fuel proposal, “I’ll take your law license away.”

Miller, answering yes to Pittman on whether he has authority from Arjuna to commit to the group’s intention to back down, stood firm that the proposal is dead.

“Your ...