Wynn would pay $20 million in damages while another $21 million will come from insurance carriers on behalf of current and former employees of Wynn Resorts, the company said. In addition to The New York State Common Retirement Fund, other plaintiffs included an operating engineers’ construction pension fund in Pennsylvania and municipal firefighters in California. He said it holds shares in Wynn Resorts with an estimated value of $23 million. “We are gratified that the reforms in this agreement and those undertaken following the initiation of our lawsuit will protect Wynn resorts employees and shareholders against future harm,” he said Wednesday. Wynn Resorts owns and operates Wynn Las Vegas, Encore Boston Harbor in Massachusetts, Wynn Macau and Wynn Palace, Cotai in Macau.

Source: thestar November 28, 2019 03:22 UTC