Steve Wynn files case against Wynn Resorts
The co-founder of the company has sued Wynn Resorts and the Massachusetts Gaming Commission.
US.- Steve Wynn, co-founder and former CEO of Wynn Resorts, has filed a case against the company and the Massachusetts Gaming Commission in a move that seeks to block the release of a report that could potentially reveal “privileged material.”
The co-founder argues that the company wrongly gave away privileged documents to the gaming commission, which is investigating allegations of misconduct from Wynn that were reported in the Wall Street Journal in February.
After the allegations emerged, the former CEO resigned from the board and sold its entire 12.1% stake in the company. The lawsuit says that the materials handed to the gaming commission were documents exclusively subject to attorney-client privileges.
“Recognising that they have conducted their months-long investigation into Wynn Resorts with total disregard for protecting the privileged communications of Mr Wynn — who, again, has no ability to determine what communications and materials have been provided to regulators — Mass Gaming officials have simply donned the judge’s robe, cracked the gavel and unilaterally determined that Mr Wynn has failed to sustain his burden of establishing that any privilege applies to the unknown universe of documents acquired during the Mass Gaming investigation,” reads the lawsuit.
