PENN Committee Affirms Board’s Good-Faith Conduct in HG Vora Conflict
PENN Entertainment’s prolonged battle with activist investor HG Vora has taken another turn after an independent Special Litigation Committee (SLC) concluded the company’s board acted appropriately and “in good faith” during last year’s heated proxy showdown. The committee’s findings, filed in federal court on November 26, detail why it believes PENN’s leadership neither violated fiduciary […]
PENN Entertainment’s prolonged battle with activist investor HG Vora has taken another turn after an independent Special Litigation Committee (SLC) concluded the company’s board acted appropriately and “in good faith” during last year’s heated proxy showdown. The committee’s findings, filed in federal court on November 26, detail why it believes PENN’s leadership neither violated fiduciary […]
