Al Shams Investments Responds to Braemar's Alleged Misconduct and Shareholder Concerns
Al Shams Investments, the largest shareholder of Braemar Hotels & Resorts Inc. (NYSE: BHR), has responded to what it calls false accusations from Braemar regarding corporate governance issues involving its chairman, Monty Bennett. Al Shams alleges that Mr. Bennett enriched himself at shareholders' expense through unauthorized property sales and a $480 million termination fee.
Tickers: $BHR PRB
Topics: corporate governance legal action shareholder rights