March 7, 2023 4:04 PM
A shareholder lawsuit accusing Wynn Resorts management of deceiving investors by failing to disclose Steve Wynn’s alleged sexual misconduct can proceed.
US District Judge Andrew P. Gordon of the District of Nevada granted the plaintiffs’ motion for class certification. The judge appointed Pomerantz as lead class counsel and Muehlbauer Law Office as local/liaison counsel.
This securities fraud class action arises from Wynn Resorts Limited’s alleged concealment of a long-running pattern of assumed sexual misconduct. The founder of the famous Las Vegas, Nevada casino Wynn Resorts, Stephen Wynn, is accused of forcing female employees to perform sex acts.