Texas Pacific Land Trust Proxy Litigation Heats Up with Countersuit

The defendant in the proxy battle lawsuit filed by Texas Pacific Land Trust last week denied TPL’s allegations and lobbed back accusations of his own in a countersuit filed by his lawyers Tuesday. 

In a 71-page countersuit that surely took up the bulk of a few Gibson Dunn lawyers’ holiday weekend, TPL trustee hopeful Eric Oliver and a group of dissident shareholders accuse their courtroom opponents, incumbent TPL trustees David E. Barry and John A. Norris III, of fighting “tooth-and-nail” and engaging “in a no-holds-barred campaign” to defeat Oliver’s nomination as TPL’s new trustee.