Local News


Lawsuit dropped between Elaine Wynn and ex's former company

Posted at 4:04 PM, Apr 16, 2018
and last updated 2018-04-16 19:04:24-04

A six-year boardroom battle involving the company founded by embattled former Las Vegas casino mogul Steve Wynn and his ex-wife has been settled on the brink of a trial in Nevada state court.

A judge dismissed prospective jurors Monday after attorneys told her the case had been dropped pending an undisclosed payment from Steve Wynn to Elaine Wynn.

Lawyers declined to provide specifics outside court. They said details would be posted later in a Securities and Exchange Commission filing.

Wynn Resorts Ltd. said in a statement that Elaine Wynn dropped claims against the company, and it made no payment under the agreement.

The settlement came after Wynn Resorts reached a $2.4 billion settlement last month with the main plaintiff in the 2012 case, Japanese business tycoon Kazuo Okada.

Steve Wynn released the following statement.

“Mr. Steve A. Wynn announced today he has resolved all outstanding legal issues with his former wife, Elaine Pascal Wynn.  Mr. Wynn expressed gratification that he and Ms. Wynn were able to put all of the personal unpleasantness of the last few years behind them.”