In a bombshell report published today by the Wall Street Journal, dozens of people came forward to accuse Las Vegas real estate mogul Steve Wynn of sexual misconduct. Wynn shares were down 10% today. “The recent allegations about Mr. Wynn reflect allegations made in court hearings by Mr. Wynn’s ex-wife, Elaine Wynn, in her legal battle with him and the company. According to her cross claim against Steve Wynn, Elaine Wynn alleges she was removed from the Board of Directors for Wynn Resorts after raising concerns over the alleged $7.5 million settlement Wynn paid to his manicurist, which he apparently neglected to disclose with the board. However, the damning sexual allegations against Steve Wynn are mutually exclusive from his ex-wife's current lawsuit regarding her ability to sell her shares at will.

Source: Forbes January 26, 2018 22:52 UTC