A recent decision from the United States District Court for the District of Maryland in the case Brancous, LP1 v. Braemar Hotels & Resorts Inc., et al. (Case No. 1:25-cv-03971-SAG) is drawing attention in the corporate governance and shareholder activism space. This December 11, 2025 decision marks the first time a federal court has ruled on the application of SEC Rule 14a-19 in the context of a rejected director nomination. White & Case advised Braemar Hotels & Resorts Inc.