Wynn Resorts Ltd. is seeking to have long time business associate and the biggest shareholder of Wynn Resorts, Kazuo Okada’s lawsuit dismissed.
In a court filing, the company says Mr Okada’s allegation that he was denied access to the company’s financial books is “innuendo, hyperbole, half-truths and sweeping generalizations.”
According to Wynn, Mr Okada “has failed to justify the request.”
The company says Mr Okada’s request to access the company’s books are nothing more than stockholder inspection requests.
Wynn Resorts adds that, under Nevada law, shareholders have no rights to inspect the books “of publicly-owned companies that are timely with SEC filings (as Wynn is).”
Wynn Resorts says that to try to get around this problem, Mr Okada had presented his request as a director rather than a shareholder, a “maneuver” the company expects to be “flatly rejected by the court”.
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