HG Vora Challenges PENN Entertainment's Board Actions Amid Shareholder Meeting Dispute
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HG Vora Capital Management has challenged PENN Entertainment's Board of Directors over their decision to reduce the number of director seats up for election from three to two, claiming it violates fiduciary duties and undermines shareholder rights. In response, HG Vora has nominated three candidates for the Board, including William Clifford, highlighting his potential value. This dispute comes ahead of the 2025 Annual Meeting of Shareholders, where accountability and oversight issues are expected to be addressed.
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