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A lawsuit over a failed oil company investment by Kirk Kerkorian’s Tracinda Corp. – one that started with a personal poke at former longtime friend Edward “Tiger” Mike Davis – has settled quietly on undisclosed terms.
Agreements have been reached to suspend legal proceedings in three federal lawsuits against casino billionaire Sheldon Adelson and his companies. Both sides plan to resolve the disputes through binding arbitration.
Relatives of Hard Rock Hotel executive Randy Kwasniewski, who committed suicide in March 2010, filed a wrongful death lawsuit Wednesday against the company that manufactures the sleeping pill Ambien. The lawsuit alleges, “Ambien may produce suicidal thoughts, ideations, strange bizarre behaviors and actions.”
Wynn Resorts Ltd. Chairman Steve Wynn is expected to convene an emergency meeting of the directors of Wynn Macau Friday to remove Kazuo Okada as a director of the company traded on the Hong Kong Stock Exchange.
Wynn Resorts Ltd. board member and largest stockholder Kazuo Okada will get his chance to examine normally confidential company documents, but his win comes with a large asterisk.