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Email Cadwalader achieved a significant victory for client Ashford Hospitality Prime, Inc. (NYSE: AHP) when the United States Court of Appeals for the Fifth Circuit rejected Sessa Capital's appeal of a federal district court's decision prohibiting Sessa from soliciting proxies and finding that the board had reasonably concluded that Sessa had failed to comply with the company's bylaws requiring compliance with applicable securities laws. https://www.cadwalader.com/news/news-release/cadwalader-achieves-appeals-court-victory-for-client-ashford-hospitality-prime