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Silver Star Properties Provides Update Regarding January 2024 Written Consent
- On May 20, 2025, a Maryland court upheld Silver Star Properties' 2024 consent solicitation, confirming it complied with state law and was conducted in good faith.
- The ruling followed a dispute where Allen Hartman improperly filed liens and sent a coercive email to avoid a proxy fight, admitted lying in it.
- The court ruled in favor of Silver Star and its Executive Committee, determining that their actions during the 2024 consent solicitation complied with Maryland law and that there was no evidence of dishonest intent, particularly regarding their justified skepticism of Hartman before the July 2025 proxy contest.
- On May 19, 2025, Silver Star submitted a Preliminary Proxy Statement to the SEC related to the court-mandated 2025 Annual Meeting, seeking shareholder approval of the Pivot Strategy and additional matters as determined by the Executive Committee.
- The ruling implies Silver Star must address threats from Hartman swiftly as he pursues control or financial gain amid the contentious proxy battle.
45 Articles
45 Articles
Silver Star Properties Provides Update Regarding January 2024 Written Consent
EXECUTIVE HIGHLIGHTS Legal victory confirmed: A Maryland judge ruled in Silver Star's favor on May 20, 2025, validating its 2024 consent solicitation process and finding no violation of Maryland law or bad faith by Silver Star or its Executive Committee. Allen Hartman's conduct criticized: The court found that Allen Hartman had improperly filed liens against company properties, and sent an email to "strong-arm" the Company into transferring val…
Silver Star Properties Provides Update Regarding January 2024 Written Consent - PressReach
EXECUTIVE HIGHLIGHTS Legal victory confirmed: A Maryland judge ruled in Silver Star’s favor on May 20, 2025, validating its 2024 consent solicitation process and finding no violation of Maryland law or bad faith by Silver Star or its Executive Committee. Allen Hartman’s conduct criticized: The court found that Allen Hartman had improperly filed liens against company properties, and sent an email to “strong-arm” the Company into transferring val…
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