Pomerantz Defeats Motion to Dismiss in Wynn Resorts Sexual Misconduct Securities Litigation

On July 28, 2021, U.S. District Judge Andrew P. Gordon of the District of Nevada denied, in part, the defendants’ motions to dismiss the Second Amended Complaint in Ferris, et al. v. Wynn Resorts Ltd., et al., No. 2:18-cv-00479-APG-DJA (D. Nev.), a securities fraud class action suit arising from Wynn Resorts Limited’s concealment of a long-running pattern of alleged sexual misconduct by CEO and founder Stephen Wynn against female employees of the company.