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Kazuo Okada lost his bid to retain his 25M shares of Wynn Resorts (WYNN -1.3%) that were...

Kazuo Okada lost his bid to retain his 25M shares of Wynn Resorts (WYNN -1.3%) that were stripped out of his control by the company's board. The early ruling from a Nevada judge comes with the company set to vote on board members at its annual meeting on November 2. Okada lost his shares after an internal probe alleged he violated U.S. anti-corruptions law with Wynn snapping them up at a convenient 30% discount.
Comments (1)
  • Ralph Petrillo
    , contributor
    Comments (325) | Send Message
     
    Why is the stock falling if WYNN won the case?
    2 Oct 2012, 02:58 PM Reply Like
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