NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duty by management of Wynn Resorts, Limited (NASDAQ:WYNN) resulting from allegations that management may have issued materially misleading business information to the investing public.
On January 26, 2018, The Wall Street Journal reported that “[d]ozens of people The Wall Street Journal interviewed who have worked at Mr. Wynn’s casinos told of behavior that cumulatively would amount to a decades-long pattern of sexual misconduct by Mr. Wynn. Some described him pressuring employees to perform sex acts.” On this news, shares of Wynn fell $20.31 per share or over 10% from its previous closing price to close at $180.29 per share on January 26, 2018.
If you currently own shares of Wynn, please visit the firm’s website at http://www.rosenlegal.com/cases-1278.html or more information. You may also contact Phillip Kim or Daniel Sadeh of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or dsadeh@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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