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Consumer Law

A Federal Judge Revives a Wynn Resorts Class Action Lawsuit

A federal judge in Nevada has revived elements of a securities fraud lawsuit seeking class-action status for allegations that executives at Wynn Resorts Ltd. knew about, but disregarded, reports of sexual harassment and misconduct against company founder Steve Wynn.

U.S. District Judge Andrew Gordon ruled the case can go forward alleging that Steve Wynn, board members and top executives at his Las Vegas-based company violated Securities and Exchange Commission laws and rules through “material misrepresentations and omissions.”

Wynn has denied allegations that became public in January 2018 with a Wall Street Journal report about dozens of casino employees describing, as the judge noted, “behavior that cumulatively would amount to a decades-long pattern of sexual misconduct.”

Read the source article at Associated Press News

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