(Saul Loeb/AFP/Getty Images)Shares of Wynn Resorts tumbled by more than 10 percent Friday after the Wall Street Journal published a damning report that detailed allegations of sexual misconduct against the company’s owner, Steve Wynn. The report also details allegations that Wynn pressured massage therapists to perform sex acts in exchange for $1,000 tips. https://t.co/D2FjIoq5rZ pic.twitter.com/v5W9dxXK9c — Jacob Gershman (@jacobgershman) January 26, 2018By the time markets closed, Wynn Resorts had fallen more than 10 percent, to $180.29, its biggest drop since July. Soon thereafter, the law firm Levi & Korsinsky announced that it had opened an investigation into “possible breaches of fiduciary duty” by Wynn Resorts. But in a statement, Wynn vehemently denied the allegations reported by the Journal, saying: “The idea that I ever assaulted any woman is preposterous.

Source: Washington Post January 26, 2018 22:50 UTC