Okada Departs Wynn Board A Day Before Shareholder Vote

Law360, New York (February 21, 2013, 7:23 PM EST) -- Former Wynn Macau Ltd. director Kazuo Okada resigned from the company's board Thursday — a day before a shareholder vote on his ouster — but not without ripping Wynn Resorts co-founder Steve Wynn, whom he accused of deceiving him for years.

“Since the year 2000, Steve Wynn has orchestrated a deliberate campaign to deceive me,” Okada said in a statement Thursday. “His actions have betrayed our friendship, the management agreement executed between us, the shareholders agreement executed in 2002, and, ultimately, Universal Entertainment Inc.”

Universal Entertainment...
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.