NEW YORK--(BUSINESS WIRE)--
Kirby McInerney LLP announces an investigation on behalf of Wynn Resorts, Ltd. (“Wynn” or “the Company”) (NASDAQ: WYNN) investors concerning possible violations of federal securities laws by the Company and its officers.
On January 26, 2018, The Wall Street Journal published a report stating that “dozens” of people interviewed by the Journal, including former employees of the Company, described behavior by CEO Steve Wynn that “cumulatively would amount to a decades-long pattern of sexual misconduct.” Additionally, the report states that Wynn had made a personal payment of $7.5 million dollars to a manicurist he allegedly sexually assaulted in 2005.
On this news, the Company’s share price fell from $200.60 to $180.29 (a decline of $20.31) on January 26, 2018. The price continued to fall to $163.48 (a decline of $16.81) on the following trading day.
If you purchased or otherwise acquired shares of WYNN since December 1, 2017, and would like more information pertaining to the investigation or if you have relevant information, you may contact Thomas W. Elrod, Esq. of Kirby McInerney LLP at (212) 371-6600, or by email at [email protected], or by filling out this contact form to discuss your rights without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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