Two Way Hard Three | Las Vegas Casino & Design Blog

January 28, 2009

LVSUN: Las Vegas Sands Directors Sued

Posted by Hunter

According to the Las Vegas Sun, the board of directors of Las Vegas Sands, owners of The Venetian and The Palazzo on the Las Vegas Strip as well as several casinos around the globe have been sued for mishandling the company.

http://www.lasvegassun.com/news/2009/jan/28/sands-lawsuit/

Apparently this is not the first time this has happened and suits like this not are uncommon when a company sees a dramatic drop in their share price.


Categories: Business of Gaming, Las Vegas Strip, Macau Casinos and Hotels, Venetian/LV Sands
Tags: lasvegas, lasvegassands, macau, palazzo, venetian, venetianmacau


Comments

Read archived comments (3 so far)
January 28, 2009 4:10 PM Posted by David McKee

I skimmed the filing. It's basically a copy-and-paste of the previous shareholder lawsuit.

January 28, 2009 5:04 PM Posted by hail2skins

This is off-topic, but the newest Atlantic City casino is apparently being hit by the economic mess. Revel, which was slated to open in late 2010, is laying off 400 workers and is stopping work on the resort's interior while securing financing to complete the resort.

January 29, 2009 7:45 AM Posted by duped

I just puchased a bunch of stock before the lawsuit was filed. My stock declined after the lawsuit was made public. Do I have a right to sue the attorneys for suing Sheldon because the value of my stock went down?