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Ex-wife of Wynn Resorts founder sues for control of her stake

Published Tue, Mar 29, 2016 · 09:50 PM
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Las Vegas

ELAINE Wynn, former wife of Wynn Resorts Ltd founder Steve Wynn, sued him on Monday to get control over her nearly 10 per cent stake, worth close to US$900 million, in the casino company.

Escalating a battle that followed a bitter divorce, Ms Wynn said Steve Wynn breached a 2010 stockholder agreement by engineering her ouster from the company's board last April after she faulted its internal controls, his alleged withholding of information from the board, and the "tone at the top".

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