NEW YORK (AP) — A federal judge on Thursday dismissed a lawsuit by Exxon Mobil aimed at stopping an investigation by New York and Massachusetts officials into whether the oil giant misled investors and the public about its knowledge of climate change and how the issue could affect its business.

"Exxon's allegations that the AGs are pursuing bad faith investigations in order to violate Exxon's constitutional rights are implausible and therefore must be dismissed for failure to state a claim," Manhattan U.S. District Judge Valerie Caproni said.

In her ruling, Caproni described Exxon's lawsuit as...