PENN Entertainment Files Report Backing Smaller Board in Response to Lawsuit

MT Newswires Live11-26

PENN Entertainment (PENN) said in a regulatory filing Wednesday that it has filed a special litigation committee report with a Pennsylvania court in response to a lawsuit filed by HG Vora Capital Management and other plaintiffs' claims that the company breached its fiduciary duties when it reduced the size of its board.

The company said that the report found that the company's board "acted on an informed basis, in good faith and for the best interests" of the company in its decision to reduce the overall size of the board to eight from nine.

The company also said that the report concluded that it would not be in the best interests of the company to pursue HG Vora's claims.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2586250726?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-26 22:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2586250726","market":"sg","top_or_hot":-1,"title":"PENN Entertainment Files Report Backing Smaller Board in Response to Lawsuit","media":"MT Newswires Live","content":"<html><body><p> PENN Entertainment (PENN) said in a regulatory filing Wednesday that it has filed a special litigation committee report with a Pennsylvania court in response to a lawsuit filed by HG Vora Capital Management and other plaintiffs' claims that the company breached its fiduciary duties when it reduced the size of its board.</p><p>The company said that the report found that the company's board \"acted on an informed basis, in good faith and for the best interests\" of the company in its decision to reduce the overall size of the board to eight from nine.</p><p>The company also said that the report concluded that it would not be in the best interests of the company to pursue HG Vora's claims.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PENN Entertainment Files Report Backing Smaller Board in Response to Lawsuit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPENN Entertainment Files Report Backing Smaller Board in Response to Lawsuit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-11-26 22:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> PENN Entertainment (PENN) said in a regulatory filing Wednesday that it has filed a special litigation committee report with a Pennsylvania court in response to a lawsuit filed by HG Vora Capital Management and other plaintiffs' claims that the company breached its fiduciary duties when it reduced the size of its board.</p><p>The company said that the report found that the company's board \"acted on an informed basis, in good faith and for the best interests\" of the company in its decision to reduce the overall size of the board to eight from nine.</p><p>The company also said that the report concluded that it would not be in the best interests of the company to pursue HG Vora's claims.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2586250726","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586250726","pubTimestamp":1764165806,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"PENN Entertainment  said in a regulatory filing Wednesday that it has filed a special litigation committee report with a Pennsylvania court in response to a lawsuit filed by HG Vora Capital Management and other plaintiffs' claims that the company breached its fiduciary duties when it reduced the size of its board.The company said that the report found that the company's board \"acted on an informed basis, in good faith and for the best interests\" of the company in its decision to reduce the overall size of the board to eight from nine.The company also said that the report concluded that it would not be in the best interests of the company to pursue HG Vora's claims.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4150":"赌场与赌博","PENN":"佩恩国民博彩"},"translate_title":"宾夕法尼亚娱乐公司提交报告支持缩小董事会以应对诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PENN":1.5},"content_text":"PENN Entertainment (PENN) said in a regulatory filing Wednesday that it has filed a special litigation committee report with a Pennsylvania court in response to a lawsuit filed by HG Vora Capital Management and other plaintiffs' claims that the company breached its fiduciary duties when it reduced the size of its board.The company said that the report found that the company's board \"acted on an informed basis, in good faith and for the best interests\" of the company in its decision to reduce the overall size of the board to eight from nine.The company also said that the report concluded that it would not be in the best interests of the company to pursue HG Vora's claims.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2586250726","isCrawlerRequest":true}