The allegations also led to him stepping down as CEO from Wynn Resorts. Steve Wynn has denied all claims of sexual misconduct. At the time, it was the highest fine in state history. Wynn Resorts was fined $20 million in 2019 by Nevada gambling regulators for failing to investigate claims of sexual misconduct. The order states this class action lawsuit could potentially include thousands of people, since Wynn Resorts had approximately 103.1 million outstanding shares and 13 million in average weekly trading volume during the period. The suit is looking for compensation for investors who purchased Wynn stock from March 2016 until February 2018. They also accuse company officers, board members, and other senior-level management members of knowing about those claims and hiding it to protect Wynn Resorts. The plaintiffs allege company share prices dropped 10.12% that day. The lawsuit accused Wynn Resorts of securities fraud and claims shareholders lost money after the Wall Street Journal published an article in 2018 alleging Wynn sexually assaulted and harassed several employees over the course of a decade. New court documents obtained by Channel 13 show a district judge issued the order on March 1. The judge approved the agreement and dismissed the case Monday.īloom’s 2018 news release said she was representing a dancer who accused Wynn of leering at female performers who were instructed to “strip down to bras and panties” when he attended and watched “physically revealing” segments of rehearsals for “Showstoppers” at the Wynn Las Vegas resort.LAS VEGAS (KTNV) - A class action lawsuit against casino mogul Steve Wynn and Wynn Resorts is being allowed to move forward.

The amount of the settlement was blacked out in the document, which was signed by Wynn and Bloom and submitted to U.S. Los Angeles attorney Lisa Bloom retracted and withdrew claims she made in a news release in March 2018 announcing she represented a woman making claims of inappropriate behavior against Wynn, according to a statement included in a settlement document provided Tuesday to The Associated Press by Wynn’s lawyers. LAS VEGAS (AP) - Former Las Vegas casino mogul Steve Wynn has accepted an undisclosed financial settlement to end his federal defamation lawsuit against a well-known attorney who represented a dancer who she said accused Wynn of sexual harassment and retaliation.

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