Directors departing Wynn Resorts' board as lawsuits pile up
LAS VEGAS (AP) — Las Vegas-based Wynn Resorts on Wednesday announced the departure of two members of its board of directors as lawsuits against its members and the company's founder continued to pile up amid a sexual misconduct scandal.
The announcement of the board changes came hours after the state of Oregon revealed it had sued gambling mogul Steve Wynn and the company's board of directors for allegedly failing to act in the best interests of shareholders and stop sexual misconduct at Wynn Resorts.
Former company director Ray Irani and director Alvin Shoemaker are now named defendants in several lawsuits brought by shareholders, including Oregon, as well as current and former company employees.