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Ashford Files Injunction To Freeze Sessa From Paying Investor Redemptions

2016-03-28 14:18:51| Jewelry - Topix.net

Ashford Inc. today announced that it requested that a Texas state court issue an injunction to prevent Sessa Capital from paying redemption requests made by its investors. The Company filed a lawsuit claiming tortious interference, together with additional claims including conspiracy, alleging monetary damages potentially exceeding $200 million as well as other non-monetary relief against Sessa and its purported director nominees John E. Petry, Philip B. Livingston, Lawrence A. Cunningham, Daniel B. Silvers, and Chris D. Wheeler on March 23, 2016.

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