Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Wynn Resorts Limited (“Wynn Resorts” or the “Company”) (NASDAQ: WYNN) securities between March 28, 2016 and February 12, 2018, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and. prospects. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s founder and Chief Executive Officer, Stephen A. Wynn had engaged in a pattern of sexual misconduct with respect to Wynn Resorts’ employees, including instances of sexual assault; (2) discovery of the foregoing misconduct would subject the Company to heightened regulatory scrutiny and jeopardize Wynn’s tenure at the Company; and (3) as a result of the foregoing, Wynn Resorts’ shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.
Current Status of Case:
On January 27, 2025, the Court granted Final Approval of the Settlement Agreement. This action has concluded.
Please be advised that the deadline to file a claim was February 3, 2025. If you have any questions or need further information about this settlement, you may go to the following website www.WynnSecuritiesLitigation.com, or you can contact the claims administrator, JND Legal Administration, at 1-888-256-6153.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.