Steve Wynn Sues Jim Chanos For Alleged Slander

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Mani
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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 According to a complaint filed by Wynn Resorts Ltd in federal court in San Francisco, Jim Chanos told an audience at an invitation-only event in Berkeley, California that Wynn Resorts, Limited (NASDAQ:WYNN) and its chairman Steve Wynn had violated the U.S. Federal Corrupt…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports