May 03, 2018
The Ninth Circuit has affirmed a win for casino operator Las Vegas Sands in a certified shareholder class action accusing it of hurting investors with misleading statements by executives about the company's finances and development pipeline, ruling the investors failed to show Sands officials fraudulently inflated the company's stock price.
January 04, 2017
A Nevada federal judge has granted bids by casino operator Las Vegas Sands and a former executive to end a shareholder class action accusing the company of inflating its stock price by misleading investors about its development pipeline, saying none of the alleged misstatements qualified as deceptive.
January 25, 2016
Casino operator Las Vegas Sands and a former executive asked a Nevada federal court on Friday to toss a trimmed shareholder class action accusing the company of inflating its stock price by misleading investors about its development pipeline, arguing the company kept shareholders informed as the economic downturn forced it to revise its plans.
July 11, 2012
A Nevada federal judge on Wednesday certified a class of Las Vegas Sands Corp. investors who claim the casino operator artificially inflated stock prices and made false statements regarding overseas development projects, but he limited the number of potential shareholders who could take part in the action.
September 09, 2011
Las Vegas Sands Corp. on Wednesday again attempted to toss fraud claims from a putative class action alleging the casino operator artificially inflated stock prices, claiming a judge improperly allowed the suit to go forward by relying on flawed evidence.
August 25, 2011
A federal judge in Nevada on Thursday let Las Vegas Sands Corp. shareholders move ahead with a putative class action alleging the casino operator misrepresented its prospects and liquidity, but ruled that many of the statements were protected by safe harbor provisions.