Elaine Wynn’s lawyers suggest second settlement involving Steve Wynn

Lawyers for Elaine Wynn told a Nevada judge on Friday there is a second settlement involving Steve Wynn, and a spokesman for Wynn Resorts confirmed the board’s special board committee has been investigating those claims.

The emergence of a second settlement arose as Chief District Judge Elizabeth Gonzalez ruled on nearly 20 motions relating to whether evidence and witnesses were pertinent to a pending case among Elaine Wynn, Steve Wynn and Wynn Resorts.

During the hearing in downtown Las Vegas, the judge disallowed certain evidence and witnesses that Elaine Wynn’s legal team sought to include after the Oct. 19 discovery deadline.

Attorney Mark Ferrario, representing Elaine Wynn, tried to justify the delay, arguing that “it’s been a dogfight to get even the most basic information” from Wynn Resorts. That is when Scott Stein, supporting Ferrario, suggested a second settlement.

“What about Mr. (Frank) Schreck? What about the second settlement? We’ve just learned about that,” he asked Gonzalez. Schreck is Wynn’s longtime outside counsel.

Stein did not offer any more details about a second settlement during the hearing.

But Wynn Resorts spokesman Michael Weaver said the special board committee investigating sexual harassment allegations against Steve Wynn has been aware of the possibility of a second settlement since Jan. 30.

Steve Wynn paid $7.5 million in 2005 to settle a sexual harassment case with a former employee — a deal that only became public in recent months.

Seeking damages

The pending case, set to go to trial in April, involves Elaine Wynn’s claims for breach of contract. She is demanding $460 million in damages from the company for losing her board seat in 2015, according to Wynn Resorts lawyer James Pisanelli.

The nominating committee did not put Elaine Wynn up for re-election primarily because of a 2012 lawsuit she filed against her ex-husband. She nominated herself as a candidate but did not receive enough shareholder votes.

Her damage total is based on the calculation of an independent analyst.

Pisanelli accused Elaine Wynn of violating confidentiality agreements, stealing company records for her own use and seeking to drive the company’s shares “down to zero” if she didn’t get a revised divorce settlement from Steve Wynn.

He called her claim of being a whistlerblower to protect the company “a false narrative.”

Pisanelli’s courtroom remarks triggered a sharp exchange with Ferrario.

“Gosh, protecting the company. That is really interesting in light of what has come out. That’s fascinating. Who was protecting the company?” Ferrario asked.

“Not Elaine Wynn,” Pisanelli snapped.

“Was Steve Wynn?” retorted Ferrario, who was unable to get in another word before Gonzalez interrupted.

“Guys, it would be really nice if you would both act like grown-ups,” she told them, restoring calm to the courtroom.

Rulings issued

Gonzalez ruled in favor of Wynn Resorts by banning the jury from hearing Steve Wynn’s “inappropriate political rantings.”

However, she will allow them to hear that Steve Wynn gave political donations to former Gov. Bob Miller and his son, Ross. Bob Miller is the longest-serving director at Wynn Resorts and a member of the compliance committee.

Lawyers for Wynn Resorts and Steve Wynn are trying to dismiss accusations of sexual harassment and “illegal gambling” by a former executive on the grounds they are not relevant to Elaine Wynn’s case of breach of contract.

“None of these sideshows bear any relevancy — and if they do it is very minimal relevancy — to those claims,” said Wynn Resorts lawyer Todd Bice. ”They would like to try a case about sex, sexual harassment, illegal gambling without their being any evidence to link those allegations to the claims she has asserted.”

But Stein argued the compliance committee “sat on its hands and repeatedly did nothing” with the corporate concerns Elaine Wynn raised.

Ferrario also argued that the allegations are relevant as they highlight corporate governance problems at Wynn and why she was not renominated.

To decide the relevance to the case, the judge granted Wynn Resorts and Steve Wynn the right to hold a Petrocelli hearing to discuss these “other bad acts.” The hearing will be held March 27 and may last a few days.

Ferrario mentioned a half-dozen Wynn executives he wanted to testify during that hearing.

“Let’s do it. Let’s have a party,” he said in response to the judge’s order.

Representatives for Elaine Wynn and Steve Wynn on Friday declined to comment. Former Gov. Bob Miller did not return a call for comment.

Contact Todd Prince at 702-383-0386 or tprince@reviewjournal.com. Follow @toddprincetv on Twitter.

The Mansion at MGM boasts hidden luxury
The Mansion at MGM, a hotel within a hotel, features 29 luxury villas for invited guests only. (K.M. Cannon/Las Vegas Review-Journal)
Goodwill of Southern Nevada
Under CEO John Helderman, Goodwill of Southern Nevada has expanded its services including the new home of Goodwill’s Veteran Integration Program. Free job services are paid for by revenues generated by Goodwill's retail stores. In 2017, the sale of donated goods allowed Goodwill of Southern Nevada to train more than 17,000 job seekers. More than 2,500 of those found local jobs. (Las Vegas Review-Journal)
Little bat company on verge of MLB deal
Larry Thein, part owner and one of only three employees of the Tat2 Bat Company of Davenport, Iowa, made the company's first bat in a hog barn. He spoke of the humble origins during a trade show at the Baseball Winter Meetings in Las Vegas, Nev., on Dec. 12, 2018. (Ron Kantowski/Las Vegas Review-Journal)
Texas Roadhouse opens in North Las Vegas
Texas Roadhouse has opened at on Craig Road at Bruce Street in North Las Vegas as part of an emerging "restaurant row." (K.M. Cannon/Las Vegas Review-Journal)
Holiday Parade Lights Up Downtown Summerlin
Holiday parade lights up Downtown Summerlin every Friday and Saturday night through Dec. 22.
Nevada's solar industry on the rebound
In 2015, the Nevada Public Utilities Commission voted in favor of a new tariff structure that reduced net energy metering buyback rates and increased fix fees for residential solar customers.
Apartment complexes selling fast in Las Vegas
Las Vegas’ apartment vacancy rate is among the smallest in the country, and rents are climbing faster than the national average. (LVRJ)
Aristocrat Opens $45M Campus In Summerlin
Aristocrat Technologies Chairman Ian Blackburne discusses the company's growth. (LVRJ)
Sunrise Hospital celebrates 60 years
Sunrise Hospital opened its doors to patients on Dec. 15, 1958. Employees of more than 35 years celebrated at a luncheon Wednesday, Dec. 12, 2018. Jessie Bekker/ Las Vegas Review-Journal.
Maya Cinemas to open soon in North Las Vegas
Moctesuma Esparza, CEO of Maya Cinemas, talks about the newest location in North Las Vegas, set to open Jan. 10. The aim of the theatre chain is to serve latino-centric, underserved communities.
Holiday shopping and returns make this the busiest time of year for UPS
The UPS Las Vegas South facility is the company's busiest pre-load operation in the country, and it's even busier this time of year. (K.M. Cannon/Las Vegas Review-Journal)
Primm’s outlet mall has fallen on hard times
The mall, attached to Primm Valley Resort, opened in 1998. Back then, it was a “textbook, perfect outlet-center location." But now, Primm’s outlet mall has fallen on hard times. Las Vegas Boulevard has endless shopping spots. And there are other outlet malls that don’t require a hefty drive to the state line. Its mortgage-holder foreclosed on the mall in late September.
Miltary auction at Ritchie Bros. Auctioneers
Humvees, ammo cans, construction equipment, field gear and more is on the auction block Friday and Saturday at Ritchie Bros. Auctioneers. About 10,000 items in all are for sale in what GovPlanet bills as the largest auction of its kind.
Las Vegas residents discuss avoiding holiday scams
Las Vegas residents discuss their donation habits and how they avoid giving money to scam charities during the holiday season. (Bailey Schulz/Las Vegas Review-Journal)
Tesla’s Nevada Gigafactory ahead of economic impact expectations
The Tesla Gigafactory’s economic impact on Nevada has exceeded projections, bringing in more than 7,000 jobs. In 2014, Nevada agreed to give the automotive and energy company $1.3 billion in tax abatements. In return, Tesla promised to meet certain requirements in areas like employment and capital investment. As of June, Tesla has brought in a total of $6.05 billion in capital investment, surpassing the $4.95 billion projection. The original contract gave the company until 2024 to make $3.5 billion in capital investments in Nevada. Derek Armstrong, deputy director of the Governor’s Office of Economic Development.
Land sales near the Las Vegas Raiders stadium
Land around the Las Vegas stadium site has been selling for high prices. A few months before the stadium’s groundbreaking, Global Trust Group acquired a 2.5-acre parcel just north of the stadium site. The property sold for $7.25 million, or $2.9 million an acre. Osprey Real Estate Capital and Huntington Hotel Group acquired a 2-acre industrial site just west of the stadium site in late November. The property sold for $6.5 million, or $3.15 million per acre. That's roughly 12 times the average price of land in the valley this year as tracked by Colliers International.
T-Mobile Tech Experience Truck parks in Toshiba Plaza at T-Mobile Arena
The Tech Experience Truck is a state-of-the-art showroom on wheels, with demonstrations that put connected drones, smart cities, augmented/virtual reality and smart tracking. The exhibit shows new wireless technology – including 5G and the Internet of Things (IoT). (K.M. Cannon/Las Vegas Review-Journal)
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents to keep them from teetering off into homelessness. Bizuayehu Tesfaye/Las Vrgas Review-Journal @bizutesfaye
Crowds camp out for Chick-fil-A opening
Dozens of customers camped out 24 hours ahead of the 6 a.m. Thursday opening of the new Chick-fil-A on Rainbow Blvd.
Cheapest listings for sale in Las Vegas
Listed for $39,990, 585 S. Royal Crest Circle, Unit #9 is one of the cheapest homes currently listed for sale in Las Vegas. (Caroline Brehman/Las Vegas Review-Journal)
MGM's sports betting deals
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
Terry Miller discusses Convention Center
Project Manager Terry Miller explains the phases of Convention Center construction.
Zappos treats their team members on Cyber Monday
Zappos rolls out a variety of food, drinks and special activities for all team members at their downtown Las Vegas headquarters for Cyber Monday. (K.M. Cannon/Las Vegas Review-Journal)
Team Hybrid at the 2019-Model Motor Trend International Auto Show
Among the companies showing off the 2019 model cars, Team Hybrid shows off its modified cars. Las Vegas resident David David talks about the team, which is in its ninth year exhibiting at the show, and his show car.
Black Friday Shoppers at downtown Summerlin and at the Arsenal
Black Friday shoppers at downtown Summerlin and at the Arsenal. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfYe
Black Friday shopping in Las Vegas
Black Friday sale shopers express their shopping experience. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Las Vegas Livestock recycling Strip food waste
Las Vegas Livestock collects and recycles food from many Las Vegas Strip companies. (Nicole Raz/Las Vegas Review-Journal)
Black Friday at Fry's
Shoppers line up for deals early on Black Friday at Fry's Electronics on Las Vegas Boulevard South. (Mat Luschek/Las Vegas Review-Journal)
Black Friday shoppers at Best Buy at 5 am
Black Friday shoppers at Best Buy at 5 am on Nov. 23. (Mat Luschek/Las Vegas Review-Journal
Black Friday - 1am Closing Time
Quiet night.
News Headlines
Home Front Page Footer Listing
You May Like

You May Like