Thursday, March 22, 2012

Wynn Sued by Okada Over $800 Million Redemption Discount

Japanese billionaire Kazuo Okada, saying Wynn Resorts Ltd. (WYNN) is run by Chairman Steve Wynn as a ?personal fiefdom,? is challenging the redemption of his own 20 percent stake in the company at an $800 million discount.

Source: http://www.bloomberg.com/news/2012-03-12/kazuo-okada-files-counterclaim-in-federal-court-to-wynn-resorts-lawsuit.html

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