Singer’s Elliott Sued by PE Firm in Escalating Fight Over Money

A Texas private equity firm accused Paul Singer’s Elliott Investment Management of withholding “tens of millions of dollars” from the sale of oil and gas assets, according to a new lawsuit in the escalating fight over their failed partnership.

Stronghold Investment Management claimed Elliott “furtively” sold assets worth hundreds of millions of dollars in early 2025 and has failed to pay the Texas firm its share of the proceeds, according to a complaint unsealed Wednesday in Delaware Chancery Court. Stronghold asked a judge to order Elliott to hand over the profits.