Press release from Business Wire
Ryan & Maniskas, LLP Announces Investigation of Wynn Resorts Ltd.
Wednesday, March 21, 2012
Ryan & Maniskas, LLP Announces Investigation of Wynn Resorts Ltd.18:39 EDT Wednesday, March 21, 2012 WAYNE, Pa. (Business Wire) -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/wynn) is investigating potential claims against the board of directors of Wynn Resorts Ltd. ("Wynn" or the "Company") (NASDAQ: WYNN) concerning possible breaches of fiduciary duty and other violations of law related by certain officers and directors of Wynn relating to violations of the Foreign Corrupt Practices Act ("FCPA") by providing improper monetary benefits to government officials in Macau. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/wynn. Specifically, The Securities and Exchange Commission ("SEC") sent a letter to Wynn last month asking about a $135 million gift to the University of Macau Development Foundation. The SEC's inquiry followed allegations in a lawsuit filed in January by a former director of Wynn and its largest shareholder, Kazuo Okada ("Okada"). Mr. Okada claims that the donation was improper because (1) the Foundation is connected to government officials who regulate gambling in Macau; (2) the Foundation sits on government owned land; and (3) the final installment of the payment is due in ten years, the precise moment when Wynn's Macau gaming license is set to expire. If you own shares of Wynn and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/wynn. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com. Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. Ryan & Maniskas, LLPRichard A. Maniskas, Esquire877firstname.lastname@example.org/cases/wynn