Pomerantz Wins Class Certification in Wynn Resorts Sexual Misconduct Securities Litigation

On March 1, 2023, U.S. District Judge Andrew P. Gordon of the District of Nevada granted plaintiffs’ motion for class certification and appointed Pomerantz as Lead Counsel on behalf of the Lead Plaintiffs – John V. Ferris, JoAnn Ferris, Jeffrey Larsen – and the class in Ferris, et al. v. Wynn Resorts Ltd., et al., No. 2:18-cv-00479-APG-DJA (D. Nev.). This securities fraud class action arises 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. The alleged misconduct first came to light in January 2018 with the publication of a Wall Street Journal article detailing numerous…

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.