White & Case Advises HG Vora on Board Nominees at PENN Entertainment
Deal News | Jun 18, 2025 | White & Case LLP
White & Case LLP, a prestigious global law firm, has successfully advised HG Vora Capital Management, LLC in their proxy contest with PENN Entertainment, Inc. At PENN's 2025 Annual Meeting of Shareholders, two of HG Vora's nominees, Johnny Hartnett and Carlos Ruisanchez, were successfully elected to the Board of Directors. The firm's third nominee, William Clifford, also garnered majority support, leading HG Vora to pursue litigation to ensure his seat on the board, aligning with the shareholder vote. The advisory team from White & Case was led by seasoned M&A partners Richard Brand, Gregory Pryor, and Jaye Kasper, alongside their associates Kai Glick, Eliot Murphy, and Edward Ernst, all based in New York.
Sectors
- Legal Services
- Investment Management
- Gaming and Entertainment
Geography
- United States – The companies and legal advisory team involved are based in the United States, specifically with White & Case's team based in New York.
Industry
- Legal Services – The article highlights the role of White & Case LLP, a law firm, in advising HG Vora on the proxy contest.
- Investment Management – HG Vora Capital Management's involvement in the proxy contest at PENN Entertainment represents activities in the investment management sector.
- Gaming and Entertainment – PENN Entertainment operates in the gaming and entertainment industry, which is the focal point of the proxy contest.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| White & Case LLP | Legal Advisor | Company | A global law firm advising HG Vora Capital Management in a proxy contest. |
| HG Vora Capital Management, LLC | Investor | Company | An investment management firm involved in a proxy contest with PENN Entertainment. |
| PENN Entertainment, Inc. | Target Company | Company | An entertainment company whose Board of Directors was the focus of the proxy contest. |
| Johnny Hartnett | Board Nominee | Person | Successfully elected to the Board of Directors of PENN Entertainment. |
| Carlos Ruisanchez | Board Nominee | Person | Successfully elected to the Board of Directors of PENN Entertainment. |
| William Clifford | Board Nominee | Person | Received majority support but litigation is underway for his board seat. |
| Richard Brand | M&A Partner | Person | A partner at White & Case LLP leading the advisory effort for HG Vora. |
| Gregory Pryor | M&A Partner | Person | A partner at White & Case LLP leading the advisory effort for HG Vora. |
| Jaye Kasper | M&A Partner | Person | A partner at White & Case LLP leading the advisory effort for HG Vora. |
| Kai Glick | Associate | Person | An associate at White & Case LLP assisting in the advisory for HG Vora. |
| Eliot Murphy | Associate | Person | An associate at White & Case LLP assisting in the advisory for HG Vora. |
| Edward Ernst | Associate | Person | An associate at White & Case LLP assisting in the advisory for HG Vora. |