Paul Singer’s activist investment hedge fund firm Elliott Investment Management has won a legal battle compelling a Texas-based private equity firm to begin liquidating an oil and gas fund, according to a report by Bloomberg.
Delaware Chancery Court Judge Bonnie David ruled that Stronghold Investment Management breached a prior settlement with Elliott by failing to sell all assets by agreed deadlines. The judge instructed the parties to submit a plan for winding down the two partnerships managin...
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