WYNN RESORTS, LIMITED SAN FRANCISCO, Jan. 31, 2018 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in Wynn Resorts Ltd. (NASDAQ: WYNN) to the firm's investigation into possible securities law violations related to reported sexual misconduct on the part of the Company's CEO and Chairman. If you purchased WYNN securities between November 1, 2017 and January 29, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/WYNN
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
WYNN@hbsslaw.com.
On January 26, 2018, The Wall Street Journal reported that dozens of people recount a pattern of sexual misconduct by Wynn Resorts' CEO and Chairman (Steve Wynn). This news drove the price of Wynn shares down $20.31, or about 10%, to close at $180.29 that day. The stock price continued to fall during intraday trading on January 29, 2018.
The Massachusetts state gambling regulator, which granted Wynn a casino license in 2014, reportedly said it will conduct a regulatory review following the WSJ report. The Massachusetts casino law reportedly requires the regulator "to consider the 'integrity, honesty, good character and reputation of the applicant' when considering bids for a gaming license" and "[l]anguage in the law also notes that licensees 'shall have a continuing duty to maintain their integrity and financial stability.'"
"We're focused on the reported misconduct that, if true, inflicted significant damages on WYNN investors," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Wynn should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email WYNN@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
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SOURCE Hagens Berman Sobol Shapiro LLP
