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Insurers to Pay $21M of $41M Shareholder Settlement with Wynn Resorts

Casino mogul Steve Wynn agreed to pay $20 million toward a settlement of shareholder lawsuits that claimed Wynn Resorts Ltd.’s board had been complicit in his alleged sexual misconduct.

The former chief executive officer stepped down from the company in February 2018 and sold his shares after he was accused by multiple employees of forcing them to have sex. Steve Wynn claimed the sex was consensual…….Read More