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Wynn case raises questions about responsibility to investors
Published in 13-2-2018
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NEW YORK - The scandal that forced the resignation of Steve Wynn as chairman and CEO of the casino and resorts company bearing his name is raising questions about the obligation of corporations to disclose sexual misconduct allegations to their investors - an issue complicated by a web of workplace and legal practices that companies have used to keep such situations under wraps. The billionaire casino mogul's resignation came less than two weeks after the Wall Street Journal reported that a number of women said Wynn harassed or assaulted them and that one case led to a $7.5 million settlement. Wynn now faces investigations by gambling regulators in Nevada and Massachusetts, where the company is building a roughly $2.