HG Vora Commences Lawsuit Against PENN Entertainment (PENN) to Preserve the Fundamental Right of Shareholders to Elect All Three of Its Highly Qualified Independent Directors

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Go back to HG Vora Commences Lawsuit Against PENN Entertainment (PENN) to Preserve the Fundamental Right of Shareholders to Elect All Three of Its Highly Qualified Independent Directors

HG Vora Commences Lawsuit Against PENN Entertainment to Preserve the Fundamental Right of Shareholders to Elect All Three of Its Highly Qualified Independent Directors

May 7, 2025 8:21 AM EDT

Believes PENNs Reduction of Number of Directors Up for Election is a Clear Violation of Pennsylvanias Business Corporation Law and a Breach of the Boards Fiduciary Duties

Seeks Injunctive Relief Ordering PENN to Correct its False and Misleading Proxy Materials and Allow Shareholders the Opportunity to Elect Three Directors at the 2025 Annual Meeting

NEW YORK--(BUSINESS WIRE)-- HG Vora Capital Management, LLC (together with its affiliates, HG Vora) today filed a complaint in the United States District Court for the Eastern District of Pennsylvania (the Court) against PENN Entertainment, Inc.... More