.proxy contest

Allied Gaming & Entertainment Inc. (AGAE) saw a favorable court order regarding its litigation with Knighted Pastures, LLC. The U.S. District Court granted Allied’s motion to amend its complaint and denied prior dismissal motions. A preliminary injunction was also modified, easing board election restrictions following the conclusion of a proxy contest. While some injunction provisions remain, Allied views this as a key step for efficient case advancement and remains focused on business strategy and shareholder value.

words.Scully Royalty Ltd. (SRL) announced that activist MILFAM LLC’s dissenting proxy to nominate five directors for the Dec. 27 AGM fails to meet the company’s advance‑notice rules and will not be considered. MILFAM is pursuing a Cayman court ruling on the notice’s validity, but any votes for its slate are deemed ineffective. Shareholders should review the SEC‑filed proxy statement and vote using the “white” proxy for the management nominees. The dispute highlights governance tensions in the royalty sector and could affect short‑term stock volatility, while SRL’s stable $150 million cash‑flow portfolio supports a 6‑7% dividend yield and growth strategy.