Wynn's Largest Stockholder Vows Suit Over Cash-Out

Law360, New York (February 22, 2012, 7:40 PM EST) -- Wynn Resorts Ltd.'s top shareholder, who has already sued the casino operator to examine records over his investments, vowed more litigation Tuesday over Steve Wynn's recent move to unilaterally cash out his shares over allegations that he violated anti-corruption laws.

In the latest volley in the ongoing battle between Las Vegas casino magnate Steve Wynn and Japanese billionaire Kazuo Okada, Universal Entertainment Corp., which is controlled by Okada, said that subsidiary Aruze USA will head to court seeking a temporary restraining order and preliminary injunction to...
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