NEW CASES

FULLY
EQUIPPED

Shareholder Class Action Filed Against Wynn Resorts Limited

Notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired Wynn Resorts Limited (“Wynn Resorts”) (Nasdaq: WYNN) common stock between February 28, 2014 and January 25, 2018 inclusive (the “Class Period”). 

Wynn Resorts investors may receive additional information about the case by clicking the link "Submit Your Information" above.  
 

According to the complaint, Wynn Resorts owns and operates luxury hotels and destination resorts in, among other places, Las Vegas and Macau, China.  Until recently, Stephen (“Steve”) A. Wynn was the Company’s Chairman and Chief Executive Officer (“CEO”).

The shareholder class action complaint alleges that Wynn Resorts and certain of its executive officers made a series of false and misleading statements to investors during the Class Period, and failed to disclose that: (i) the Company’s founder and CEO, Steve 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 Steve 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.

On January 26, 2018, The Wall Street Journal published an article titled “Dozens of People Recount Pattern of Sexual Misconduct by Las Vegas Mogul Steve Wynn,” revealing detailed accounts of how that Wynn had coerced and pressured several Wynn Resorts employees to perform sexual acts. According to the Wall Street Journal, “dozens of people… who have worked at Mr. Wynn’s casinos told of behavior that cumulatively would amount to a decades-long pattern of sexual misconduct by Mr. Wynn.” 

Following this news, shares of the Company’s stock declined $20.31 per share, or over 10%, to close on January 26, 2018 at $180.29, on unusually heavy trading volume.  The following trading day the Company’s stock declined an additional $16.81 per share, or 9.3%, to close on January 29, 2018 at $163.48, again on heavy trading volume

If you are a member of the class described above, you may no later than April 23, 2018 move the Court to serve as lead plaintiff of the class, if you so choose.  

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.

Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter.  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 toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@ktmc.com. For more information about Kessler Topaz Meltzer & Check, LLP, please visit our website at http://www.ktmc.com. If you would like additional information about the suit, please fill out the attached form as promptly as possible and return it by fax to 610-667-7056, or by mail in the enclosed envelope.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 
1-888-299-7706 (toll free) or 1-610-667-7706 
Or by e-mail at info@ktmc.com
 

Please complete this form and list your purchase and sale transaction(s) Wynn Resorts Limited (“Wynn Resorts”) (Nasdaq: WYNN) securities between February 28, 2014 and January 25, 2018, both dates inclusive (the “Class Period”).

Information Sheet
* Denotes required field
Acquisitions
Date Aquired
Number of Shares Acquired
Acquisition Price Per Share
Sales
Date Sold
Number of Shares Sold
Selling Price Per Share
Did you purchase shares of Wynn Resorts Limited prior to the Class Period?
Are you a current or former employee of Wynn Resorts Limited ?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
How did you hear about this case?
Sign Up for Monthly Update: