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Oregon Sues Mogul Steve Wynn, Company after Sex Allegations

The state of Oregon has sued Nevada gambling mogul Steve Wynn and the board of directors of Wynn Resorts Ltd. for allegedly failing to act in the best interests of shareholders and stop sexual misconduct at the company, state officials said Wednesday. The civil case , alleging massive breaches of fiduciary duty that caused damage to the company and impaired long-term shareholder value, was filed Tuesday in district court in Clark County, Nevada. Last month, New York's public pension...

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