Has Monty Bennett Hoisted Himself on His Own Petard?

A lawsuit was filed yesterday against Monty Bennett and certain members of the board that oversees his hotel company. It concerns a proxy fight and an out-of-state guy named Jason Aintabi who, through a company called Blackwells, owns shares in Bennett’s hotel operation and would like to have other shareholders vote on board members he has nominated.…

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Hedge Fund Asks Court To Toss REIT’s Suit In Takeover Row

By Spencer Brewer New York hedge fund Blackwells Capital LLC fired off the latest shot in its ongoing board takeover spat with a Texas-based hotel real estate investment trust, asking Monday for a federal judge to toss a lawsuit aimed at warding off the proxy contest. Blackwells says that Braemar Hotels & Resorts Inc. wants…

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