Steve Wynn Sues Jim Chanos For Alleged Slander

Wynn Resorts, Limited (NASDAQ:WYNN) and its chairman Steve Wynn have filed a slander suit against short-seller Jim Chanos over an alleged statement that Wynn violated the federal Foreign Corrupt Practices Act.

Earlier Jim Chanos, founder of New York-based hedge fund Kynikos Associates LP, said he would no longer be long the Macau casinos.

Steve Wynn's alleged violation of FCPA
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