«Lawsuits Against Steve Wynn
A story about Steve Wynn is still going on. At the moment we’re witnessing its following chapter. As you remember, in February he announced his departure from Wynn Resorts company because of numerous sexual misconduct accusations. More and more employees of Wynn Resorts are pointing their accusing fingers onto him. What’s more, he’s also being accused of several breaches of his fiduciary duty.
This month some anonymous accuser, specified as Jane Doe, has filed another suit against former CEO of Wynn Resorts and his company on the whole for his behavior. The accuser says that she was performing her manicure services to Mr. Wynn and she’s still working at Wynn Resorts. She adds that he kept asking for her services even after quitting his position of CEO. What’s more, she claims that she was invited by Wynn to his luxurious villa (by the way after his resignation Steve Wynn will have to leave this villa in June this year). When she accepted his invitation, she was allegedly forced into “acts of sexual character” on Wynn. What’s more, those forced sexual acts occurred more than once.
Another lawsuit against Steve Wynn came from attorneys of Oregon. This time the attention of Ellen Rosenblum (Attorney General of Oregon State) and Tobias Read (Treasurer) was focused not only on Wynn’s legendary sexual misbehavior, but also on his company’s inability to follow its fiduciary duty.
The pension system of this state owns about 8500 shares of Wynn’s company. Its total value is considered over $1 million. So, the accusers are sure that the former CEO’s sexual misconduct damaged the company’s reputation and its shareholders severely. They want to get some compensation for these monetary damages, which followed the revealing this scandal to the public.