Directors departing Wynn Resorts' board as lawsuits pile up

[4now]

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. The shareholders accuse them and other board members of breaching their fiduciary duties by ignoring what their lawsuits described as a longstanding pattern of sexual abuse and harassment of company employees by Wynn.

https://www.cnbc.com/2018/03/07/wynn-resorts-says-two-directors-are-leaving-its-board.html

[dixiegrrrrl]

1. And to think they owe it all to Trump. How Ironic.

his skeezy behavior led to a backlash that is still hitting people and even organizations.