April 17, 2018, Nevada saw the former Wynn Resorts Limited Chief Executive Steve Wynn settle the now almost six-year old legal battle with his former wife Elaine Wynn. This followed after claims were made that he had violated their shareholder’s agreement. According to a recent report, 75-year-old Elaine Wynn had assisted in the establishment of Wynn Resorts Limited but saw her standing within the company diminish after she divorced Steve Wynn for the second time in 2010. Agreement infringement The new reports said that the contract of breach civil suit from Elaine Wynn had been seeking approximately $460 million for compensation over more allegations that she had not been re-appointed for any particular position on Wynn Resorts Limited's board of directors in the year 2015 after questioning some activities of some few fellow executives. The controversial agreement …show more content…
This comes barely two months since the 76-year-old resigned from his post as the Chief Executive Officer of Wynn Resorts Limited. The Wynn Resorts founder was also amid several allegations of sexual misconduct while he was still running the company forcing him to sell his 12.1 shares at the company. This ruling would have purportedly allowed the jury to listen to the claims that the embattled billionaire had agreed on settlements with his two supposed victims. The newspaper report says that Gonzalez's ruling could have given Elaine Wynn's team a good chance to present enough evidence that Wynn Resorts Limited had sacked a pair of senior executives for alleged misconduct and illegal sport-betting