Ex-Wynn Partner Lobs $140M Defamation Suit At Casino Co.

Law360, New York (August 28, 2012, 2:53 PM EDT) -- Japanese billionaire Kazuo Okada on Tuesday launched a $140 million defamation lawsuit against Wynn Resorts Ltd., the latest move in the ongoing legal battle between Okada and his former business partner, casino mogul Steve Wynn, according to media reports.

Okada filed suit in Tokyo District Court, the Las Vegas Review-Journal reported. According to a statement from his company Universal Entertainment, Wynn defamed Okada — Wynn Resorts’ former vice chairman — by saying he had corruptly influenced government officials in the Philippines while trying to build a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.