Texas Pacific Land Corp. (TPL), Tuesday announced that the Delaware Supreme Court had ruled in favor of the company in a lawsuit against the investor group regarding stockholders' agreement of June 2020.
The Court upheld the previous ruling of Delaware Court of Chancery in December 2023, which stated that the investor group should have followed the company's guidance during the voting process to increase the number of authorized shares.
The investor group comprised of Horizon Kinetics LLC, Horizon Kinetics Asset Management LLC, SoftVest Advisors, LLC and SoftVest, L.P., the company stated.
On Monday, Texas Pacific's stock closed at $1,560.23, down 0.07 percent on the New York Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.