According to a Shareholder lawsuit, filed in Clark County district court, on the behalf of the Norfolk County Retirement System, a current Wynn Resorts stockholder, the Wynn board was informed about Steve Wynn’s sexual assault and harassment issues on numerous occasions, but purposely ignored and tried to hide the charges from the public.
The lawsuit was filed by Eglet Prince and Chimicles & Tikellis.
The lawsuit follows the resignation late Tuesday of the 76-year-old Wynn as chairman and CEO. The casino mogul left the Las Vegas-based company after The Wall Street Journal reported on Jan. 26 that Wynn engaged in a “pattern of sexual misconduct” in the workplace and that he paid a $7.5 million settlement to a manicurist who allegedly was pressured into having sex with him in 2005. Wynn has denied the allegations.
The complaint seeks unspecified financial damages for injury and losses sustained in connection with alleged breaches of fiduciary duty, abuse of fiduciary power and the alleged sexual harassment by Wynn. It claims “Wynn knowingly and intentionally breached his fiduciary duties by engaging in a pattern of intentional egregious misconduct and violations of law involving Wynn Resorts.”