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[Revised: June 16, 2016] Cadwalader scored a decisive victory for client Ashford Hospitality Prime, Inc. in its battle with activist hedge fund Sessa Capital. A May 20, 2016 decision by a federal judge in Dallas enjoined Sessa from soliciting proxies and determined that Ashford has a substantial likelihood of succeeding on its claims, which are predicated on Sessa having violated the U.S. securities laws and Ashford’s bylaws. The decision effectively ends a months-long proxy contest for control of Ashford Prime’s board. The current board will remain in control of the company.