Cases
Wynn Resorts Limited (WYNN)
Securities Class Action
Overview
Overview
- Date:
- 2/21/2018
- Company Name:
- Wynn Resorts, Limited
- Stock Symbol:
- WYNN
- Class Period:
- FROM 2/28/2014 TO 1/25/2018
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of New York
NEW YORK, February 21, 2018 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Wynn Resorts Limited (NASDAQ: WYNN) securities between February 28, 2014 and January 25, 2018 (the “Class Period”). Investors have until April 23, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On January 26, 2018, The Wall Street Journal reported that Wynn Resorts Chairman and founder Steve Wynn had allegedly sexually harassed numerous women who worked for him. On this news, Wynn Resorts shares fell $37.12 over two trading days, or over 18.5%, to close at $163.48 on January 29, 2018.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that Wynn had engaged in a pattern of sexual misconduct with respect to Wynn Resorts employees, including instances of sexual assault. The discovery of the foregoing misconduct would subject the Company to heightened regulatory scrutiny and jeopardize Wynn’s tenure at the Company. As a result, Wynn Resorts’ shares traded at artificially inflated prices during the Class Period.
If you purchased or otherwise acquired Wynn Resorts during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On January 26, 2018, The Wall Street Journal reported that Wynn Resorts Chairman and founder Steve Wynn had allegedly sexually harassed numerous women who worked for him. On this news, Wynn Resorts shares fell $37.12 over two trading days, or over 18.5%, to close at $163.48 on January 29, 2018.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that Wynn had engaged in a pattern of sexual misconduct with respect to Wynn Resorts employees, including instances of sexual assault. The discovery of the foregoing misconduct would subject the Company to heightened regulatory scrutiny and jeopardize Wynn’s tenure at the Company. As a result, Wynn Resorts’ shares traded at artificially inflated prices during the Class Period.
If you purchased or otherwise acquired Wynn Resorts during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.