Pomerantz Defeats Motion to Dismiss in Wynn Resorts Sexual Misconduct Securities Litigation
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NEW YORK, Aug. 3, 2021 /PRNewswire/ -- On July 28, 2021, U.S. District Judge Andrew P. Gordon of the District of Nevada denied, in part, Wynn Resorts Limited's ("Wynn Resorts" or the "Company") motions to dismiss the Second Amended Complaint in a securities fraud class action suit arising from the Company's concealment of a long-running pattern of alleged sexual misconduct by CEO and founder Stephen ("Steve") Wynn against female employees of the company.
The misconduct was first revealed in January 2018 with the publication of a