Singer’s Elliott Battling Texas Private Equity Firm Over Fees

Paul Singer’s Elliott Investment Management built a reputation for its frequent legal brawls to squeeze more value from its investments in public companies. Now the firm is picking a fight over charges in the opaque world of private equity.

In a court case in Delaware, Elliott is seeking documents it says could show that Stronghold Investment Management, a Texas private equity firm, billed tens of millions of dollars in excess expenses. A judge is now weighing whether to force Stronghold to turn over internal records about how it charged Elliott for managing about $100 million in oil and gas ...