The Klein Law Firm Reminds Investors of a Class Action on Behalf of Wynn Resorts, Limited Shareholders and a Lead Plaintiff Deadline of April 23, 2018 (WYNN)
NEW YORK, NY / ACCESSWIRE / April 11, 2018 / The Klein Law Firm announces that a class action
complaint has been filed on behalf of shareholders of Wynn Resorts, Limited
(NASDAQ: WYNN) who purchased shares between February 28, 2014
and January 25, 2018. The action, which was filed in the
United States District Court for the Southern District of New York, alleges
that the Company violated federal securities laws.
In particular, the complaint alleges
that, throughout the Class Period, defendants made materially false and/or
misleading statements and/or failed to disclose that (i) the Company’s founder
and Chief Executive Officer (“CEO”), Stephen A. Wynn had engaged in a
pattern of sexual misconduct with respect to Wynn Resorts employees, including
instances of sexual assault; (ii) discovery of the foregoing misconduct would
subject the Company to heightened regulatory scrutiny and jeopardize Wynn’s
tenure at the Company; and (iii) as a result of the foregoing, Wynn Resorts’
shares traded at artificially inflated prices during the Class Period, and
class members suffered significant losses and damages.
Shareholders have until
April 23, 2018, to petition the court for lead
plaintiff status. Your ability to share in any recovery does not require that
you serve as lead plaintiff. You may choose to be an absent class
member.
If you suffered a loss during the Class
Period and wish to obtain additional information, please contact Joseph Klein,
Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-c/wynn-resorts-limited?wire=1.
Joseph Klein, Esq. represents investors
and participates in securities litigations involving financial fraud throughout
the nation. Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Joseph Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
SOURCE:
The Klein Law Firm
ReleaseID: 495800