Wynn Resorts $70 Million Securities Settlement

If you purchased or otherwise acquired Wynn Resorts securities between March 28, 2016, and February 12, 2018, you may be eligible to claim a portion of a class action settlement.

Wynn Resorts Limited has agreed to pay $70,000,000 to settle a class action lawsuit for alleged violations of federal securities laws, specifically related to the concealment of sexual misconduct allegations against Stephen Wynn.

Who are the class members?

To be a class member, you must meet the following criteria:

• Purchased or acquired Wynn Resorts securities between March 28, 2016, and February 12, 2018.
• Suffered damages as a result of the alleged misconduct.

How much can class members get?

The settlement amount is $70,000,000, which will be distributed among eligible class members. The exact amount each member can receive will depend on the number of valid claims submitted and the specifics of each claim.

• Per Share Calculation: The estimated average recovery is $1.92 per eligible share before deductions for fees and expenses.
• Net Settlement Fund: The amount available after deductions for taxes, administration costs, and legal fees.

The distribution follows a pro rata calculation based on the recognized loss of each claimant. For example, if the net settlement fund is $50,000,000 and there are 10,000,000 eligible shares, each share would receive $5.00, assuming no other deductions.

Proof required to file a claim

• Brokerage confirmation slips or monthly account statements.
• Authorized statements from brokers containing transactional information.

How to claim an award

To claim an award, you must submit a claim form by February 3, 2025. You can file a claim online or download a PDF claim form and mail it to the claims administrator.

Ferris, et al. v. Wynn Resorts, Limited, et al.

c/o JND Legal Administration

P.O. Box 91471

Seattle, WA 98111

$70 Million settlement fund

The settlement fund of $70,000,000 will cover:

• Attorneys' fees, not to exceed 33.3% of the settlement fund.
• Litigation expenses, capped at $1.6 million.
• Awards to lead plaintiffs, not exceeding $100,000.

Important dates

• Deadline to File a Claim: February 3, 2025
• Final Approval Hearing Date: January 27, 2025

When is the Wynn Resorts payout date?

The court will hold a final approval hearing on January 27, 2025. If approved, the settlement will proceed, and payments will be distributed to eligible claimants.

Why is there a class action settlement?

The lawsuit alleged that Wynn Resorts and its executives concealed allegations of sexual misconduct against Stephen Wynn, violating federal securities laws. The settlement avoids the risks and costs of continued litigation.