Braemar Hotels & Resorts Issues Statement on Al Shams’ Frivolous Court Filing
Braemar Hotels & Resorts issued a statement characterizing a Rule 202 Discovery Petition by Al Shams Investments as a frivolous 'fishing expedition' that asserts no actual claims. The company alleged that shareholder Wafic Said is pursuing a self-interested agenda to gain influence, forcing Braemar to expend time and capital on defense.
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