LOS ANGELES, CA / ACCESSWIRE / February 8, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wynn Resorts, Limited ("Wynn Resorts" or "the Company") (NASDAQ: WYNN) for possible violations of U.S. securities laws.
The investigation focuses on whether the Company made false and/or misleading statements and/or failed to disclose information pertinent to investors. 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. The lawsuit claims investors suffered damages when these details were introduced into the market.
If you are a shareholder of Wynn Resorts who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall or Sherin Mahdavian, of The Schall Law Firm, 1880 Century Park East Suite 404, Century City, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
SOURCE: The Schall Law Firm