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Investors Sue Wynn Resorts GC, Execs Over Insider Trading

Law360 (February 27, 2018, 7:10 PM EST) -- A shareholder suit announced Monday by the New York State Comptroller claiming willful neglect by Wynn Resorts officials, including its general counsel, for allegedly ignoring sexual harassment complaints against founder and former CEO Steve Wynn is the first to allege insider trading by company officials among a slew of investor complaints already filed against the casino operator.

The latest complaint, filed last week in Nevada state court by New York State Comptroller Thomas P. DiNapoli as trustee of the New York State Common Retirement Fund, claims that Wynn Resorts’ executive vice president and general counsel, Kimmarie Sinatra, and five members of...

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