Wynn Resorts Ltd Securities Settlement

Continually hunting for news of emerging and newly filed class action litigation

Request Information on This Case

PENDING

Ferris et al v. Wynn Resorts Limited et al

SETTLEMENT FUND: TBD

FILING DEADLINE: TBD

icon-filing-deadline

CASE NUMBER:

2:18-CV-00479

CLASS PERIOD:

March 28, 2016 — February 12, 2018

  • icon-non-settling-defendant

    NON-SETTLING DEFENDANTS

  • icon-eligible-class

    ELIGIBLE CLASS

    All individuals and entities that purchased or otherwise acquired Wynn Resorts securities between March 28, 2016 and February 12, 2018, inclusive (the “Class Period”), and who were damaged thereby.

    Excluded from the Class are Defendants, the officers and directors of the Company at all relevant times, members of their immediate families and their legal representatives, heirs, successors, or assigns, and any entity in which Defendants have or had a controlling interest.

  • icon-eligible-instruments

    PROPOSED INSTRUMENTS

    Wynn Resorts securities

  • icon-allegations

    Preliminary Allegations

    The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s founder and Chief Executive Officer (CEO), Stephen (Steve) A. Wynn had engaged in a pattern of sexual misconduct with respect to Wynn Resorts employees, including instances of sexual assault; (ii) discovery of the foregoing misconduct would subject the Company to heightened regulatory scrutiny and jeopardize Wynn’s tenure at the Company; and (iii) as a result of the foregoing, Wynn Resorts shares traded at artificially inflated prices during the Class Period.

  • icon-case-summary

    Case Summary

    Class action on behalf of a class consisting of all individuals and entities that purchased or otherwise acquired Wynn Resorts securities between March 28, 2016 and February 12, 2018, inclusive (the “Class Period”), and who were damaged thereby. Excluded from the Class are Defendants, the officers and directors of the Company at all relevant times, members of their immediate families and their legal representatives, heirs, successors, or assigns, and any entity in which Defendants have or had a controlling interest.

Case Updates

February 24, 2017
Filed 2016 10-K

January 26, 2018

“Dozens of People Recount Pattern of Sexual Misconduct by Las Vegas Mogul Steve Wynn”


February 13, 2018

“Women File Sexual Assault Reports Against Steve Wynn with Vegas Police”

Next Steps

All individuals and entities that purchased or otherwise acquired Wynn Resorts securities between March 28, 2016 and February 12, 2018, should contact Battea Class Action Services today.

  • icon-company-profile

    BRIEF COMPANY PROFILE

    Wynn Resorts owns and operates luxury hotels and destination casino resorts. The Company owns and operates Wynn Las Vegas and Encore in Las Vegas, Nevada, and Wynn Macau and Wynn Palace in Macau, China, and it is currently constructing a new $2.4 billion property called Wynn Boston Harbor in Everett, Massachusetts. Founded in 2002 by Stephen Wynn, the Company is based in Las Vegas, Nevada, and its stock trades on the NASDAQ Global Market (NASDAQ) under the ticker symbol WYNN.

View More Pending Cases