Vegas Sands Says $5B Macau Licensing Suit Is A Repeat

Law360, New York (November 12, 2014, 3:51 PM EST) -- Las Vegas Sands Corp. urged a Nevada federal judge to throw out a $5 billion suit accusing it of misappropriating trade secrets from a competitor following an abandoned Macau gambling license bid, saying Monday that Asian American Entertainment Corp. Ltd. already failed in a similar suit.

A motion to dismiss filed Monday accuses AAE of attempting to relitigate a suit the company had already lost in 2012 over trade secrets that LVS says it never stole in the first place.

“Indeed, AA has proven to be...
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.