Wynn Resorts Seeks To Remove Okada At Special Meeting

Law360, New York (January 3, 2013, 7:53 PM EST) -- Wynn Resorts Ltd. has scheduled a special shareholder meeting for late February to vote on a proposal to remove Kazua Okada as director of the company, according to regulatory filings Thursday, marking the latest move in an ongoing battle over alleged violations of U.S. anti-corruption laws.

In a filing with the U.S. Securities and Exchange Commission, the Executive Committee of Wynn Resorts recommended that shareholders approve the proposal, arguing that Okada has not been acting in the best interests of the company.

Calling him an “unsuitable...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.