(Reuters) – Elliott Investment Management said on Tuesday it had filed a lawsuit in the Court of Chancery of the State of Delaware against refiner Phillips 66 and its Board of Directors, seeking an order that would require four board seats to be up for election at Phillips’ 2025 Annual Meeting of Shareholders.
As of the date, Elliott holds a 5.7% stake in the company.
(Reporting by Seher Dareen in Bengaluru; Editing by Shreya Biswas)
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