Okada Renews Bid To Halt Vote On Wynn Board Ouster

Law360, New York (February 12, 2013, 10:17 PM EST) -- Former Wynn Macau Ltd. director Kazuo Okada repeated a request on Monday asking a Nevada federal judge to enjoin a Feb. 22 shareholder vote aimed at removing him from Wynn Resorts Ltd.'s board of directors over potential Foreign Corrupt Practices Act violations.

The billionaire casino mogul, who Wynn Resorts' board claims has bribed gaming regulators in the Philippines to further his own development of a casino there, said that he was seeking the injunction in the interest of shareholders and therefore had standing to file his...
To view the full article, register now.




Case Information

Case Title

Okada v. Wynn Resorts, Limited

Case Number




Nature of Suit



James C. Mahan

Date Filed

January 23, 2013

Law Firms


Government Agencies

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.