Phillips66

Elliott Management Launches Legal Battle Against Phillips 66 Amid Boardroom Tensions

9 days ago

Elliott Management Corporation has officially filed a lawsuit against Phillips 66, intensifying an ongoing conflict as the activist investor pushes for significant changes within the company. The suit, introduced to a Delaware court, marks a critical point in the escalating tension between the hedge fund and the energy giant, which has come under increasing scrutiny over its governance and strategic direction.

Elliott Management Intensifies Battle at Phillips 66 with Director Nominations

30 days ago

In a bold strategic move, Elliott Management Corporation has nominated a set of directors for the board of Phillips 66, increasing the pressure on the energy company to implement significant changes. This decision marks an escalation in their ongoing confrontation, as Elliott seeks to reshape the governance structure and ultimately influence the company’s strategic direction.

Phillips 66 Hit with $604.9 Million Verdict in Trade Secrets Case

6 months ago

In a landmark ruling, Phillips 66 has been ordered to pay a staggering $604.9 million in damages related to a contentious trade secrets lawsuit. The case centers around allegations that the energy giant unlawfully appropriated proprietary technology from a former partner.