LOS ANGELES, Oct. 08, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Las Vegas Sands Corp. ("Las Vegas Sands" or the "Company") (NYSE: LVS) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 310-692-8883 or email : lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com . The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The allegations of fraud focus on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Bloomberg reported on September 16, 2020, that Las Vegas Sands' Singapore casino, Marina Bay Sands, "has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers' money to third parties[.]" Singapore's Casino Regulatory Authority stated "there were weaknesses in [Marina Bay Sands'] casino control measures pertaining to fund transfers[.]" Based on this news, shares of Las Vegas Sands fell by 4.2% on the same day.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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