A defamation lawsuit filed last year by Japanese billionaire Kazuo Okada against Wynn Resorts Ltd., company CEO Steve Wynn and some of its executives has been dismissed by a Tokyo District Court.
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Allegations of misconduct used by Wynn Resorts Ltd. to oust a Japanese billionaire as a majority shareholder were based on a “deeply flawed” investigation that selectively used information to build a biased case, former Homeland Security chief Michael Chertoff said in 45-page report released Monday.
To bolster the case that Kazuo Okada should not be allowed to vote his former holdings at the Wynn Resorts Ltd. annual meeting, chairman and CEO Steve Wynn weighed in with his own recounting of the potential dangers.