NEW YORK, March 26, 2018 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in
Wynn Resorts, Limited (“Wynn” or the “Company”) (NASDAQ:WYNN) of the April 23, 2018 deadline to seek the role of lead plaintiff in
a federal securities class action that has been filed against the Company.
If you invested in Wynn stock or options between February 28, 2014 and January 25, 2018 and would like to
discuss your legal rights, click here: www.faruqilaw.com/WYNN. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at
212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
The lawsuit pending in the U.S. District Court for the District of Nevada is on behalf of all those who purchased Wynn
securities between February 28, 2014 and January 25, 2018 (the “Class Period”). The case, Ferris, et al. v. Wynn Resorts
Limited et al., No. 18-cv-00479 was transferred into the U.S. District Court for the District of Nevada on March 13, 2018, and
has been assigned to Chief Judge Gloria M. Navarro.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that 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, and that such misconduct could impact the Company’s business and
operations.
Specifically, on January 26, 2018, The Wall Street Journal published an article revealing that Wynn’s CEO had coerced
and pressured several of the Company’s employees to perform sex acts. Following these revelations, the Massachusetts Gaming
Commission announced that it would open a regulatory review into the Company over the reported sexual misconduct allegations.
After the announcement, Wynn’s share price fell from $200.60 per share on January 25, 2018 to a closing price of $180.29 on
January 26, 2018—a $20.31 or a 10.12% drop.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is
adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff
or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Wynn’s conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results
do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential manner.
