Special panel ends probe
Wynn Resorts Ltd. said its special committee has finished an investigation into sexual harassment allegations against company founder Steve Wynn.
The committee — composed of independent directors — made its final presentation on its findings to the board Aug. 3, the company said in a filing Monday with the Securities and Exchange Commission.
The special committee was formed on Jan. 26 after the allegations of sexual misconduct emerged.
The committee’s report will be handed over to gaming regulators in Massachusetts, Nevada and Macau.
Neither the board nor the company will comment on the findings until regulators finish their investigations. Committee member Pat Mulroy said in May that 114 people had been interviewed and more than 3 million documents reviewed as part of the investigation.
The committee hired Gibson, Dunn & Crutcher LLP as outside counsel to assist with its investigation. Kim Sinatra, Wynn Resorts’ former general counsel and one of the most powerful people in the company, had been a partner at the law firm, which raised concerns among investors about a conflict of interest.
Regulators in Macau have been quiet on the details of their investigation.
The Nevada Gaming Control Board on Tuesday did not respond to a request for comment.