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Wynn Resorts Hid Sex Claims Against CEO, Oregon Says

Law360 (March 7, 2018, 11:44 PM EST) -- Wynn Resorts and its board of directors ignored and later covered up allegations of sexual misconduct against former CEO Steve Wynn, the state of Oregon said Tuesday, telling a Nevada state judge the hotel giant breached its fiduciary duty to shareholders and put the company’s gambling operations at serious risk.

Oregon Attorney General Ellen Rosenblum and Treasurer Tobias Read sued on behalf of the Oregon Public Employees Retirement Fund, claiming Wynn Resorts Ltd., its former gambling mogul CEO, nine members of the board and its general...
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