NEW YORK, Feb. 8, 2018 /PRNewswire/ -- Bernstein Liebhard
LLP is continuing to investigate whether the Board of Directors of
Wynn Resorts, Limited ("Wynn Resorts" or the "Company") (NASDAQ:
WYNN) breached their fiduciary duties to the Company's
shareholders.
Wynn Resorts is a developer, owner and operator of casino
resorts. The Company was led by Chairman and Chief Executive
Officer Stephen A. Wynn ("Wynn")
until his February 7, 2018
resignation.
Wynn's resignation came in the wake of two weeks of steady news
about allegedly pervasive sexual misconduct by Wynn – purportedly
stretching over decades and involving dozens of women. Since
January 26, 2018, when the Wall
Street Journal published a detailed account of Wynn's alleged
misconduct, Wynn Resorts has lost billions of dollars in market
capitalization and dropped almost $30
per share. Several gaming authorities are investigating
whether Wynn's behavior has violated suitability requirements for
casino licensing, which relate to the background, associations and
reputation of officers, directors and key employees.
Bernstein Liebhard LLP is investigating the Wynn Resorts Board's
conduct relating to Wynn's alleged harassment. Wynn Resorts
Board members are widely viewed as lacking independence from Wynn,
one of the many reasons that Wynn Resorts ranks last in corporate
governance among 108 companies in the gambling and casino business,
according to Sustainalytics. The Company has announced that
it formed a supposedly independent Special Committee to investigate
the extensive allegations against Wynn.
If you currently own Wynn Resorts shares and are interested in
discussing your rights, or if you have relevant information
concerning this matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414
or seidman@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of
securities, consumer, and shareholder rights cases and
recovered over $3.5 billion for its
clients. The Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com
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SOURCE Bernstein Liebhard LLP