Notice of Criminal Complaint, etc
April 30 2014 - 4:47AM
Universal Entertainment Corporation and its chairman Kazuo Okada
have filed a criminal complaint and charges dated April 24, 2014,
with the Tokyo District Public Prosecutors Office against Wynn
Resorts Limited (Nasdaq:WYNN) (referred to below as "Wynn Resorts")
and Wynn Resorts CEO Stephen A. Wynn based on the alleged facts of
crime of defamation, harm to public trust, and circulation of
rumors. The complaint and charges were accepted and are as follows.
1. Summary of complaint and charges
|
Subject of complaint and
charges |
Alleged facts regarding
complaint |
Alleged facts regarding
charges |
Wynn Resorts |
N.A. |
Circulation of rumors (Financial
Instruments and Exchange Act article 158, article 197 section 1
item 5) |
Stephen A. Wynn |
Defamation (Penal Code article 230 section
1) |
Circulation of rumors (Financial Instruments
and Exchange Act article 158, article 197 section 1 item
5) |
|
Harm to public trust (article 233) |
|
2. Background information on complaint
and charges
As notified in "Regarding the Press Release from
Wynn Resorts Limited (Nasdaq:WYNN)" dated February 21, 2012, and
"Regarding Universal Entertainment Group's View of Wynn Resorts
Limited (Nasdaq:WYNN)" dated February 22, 2012, in response to Wynn
Resorts' determination that Universal Entertainment and its
subsidiary (Aruze USA Inc.) are unfit to be shareholders of Wynn
Resorts, and to Wynn Resorts' decision to redeem forcibly Wynn
Resorts shares held by Universal Entertainment's subsidiary (Aruze
USA Inc.) at a large discount, Universal Entertainment has
carefully researched and deliberated taking legal measures to
determinedly counter these actions. On April 24, 2014, a criminal
complaint and charges were filed with the Tokyo District Public
Prosecutors Office against Wynn Resorts and Wynn Resorts CEO
Stephen A. Wynn regarding the alleged facts of crime listed in Item
1 above, and the complaint and charges were accepted.
As notified in "Regarding the Lawsuit Filed against
Wynn Resorts Limited (Nasdaq:WYNN)" dated March 13, 2012, and in
"Notice regarding Lawsuit Filing" dated August 28, 2012, Universal
Entertainment and its subsidiaries filed civil lawsuits seeking
compensatory damages against Wynn Resorts and Stephen A. Wynn in
Nevada on March 12, 2012 (local time), and in Japan on August 28,
2012. Both of these lawsuits are currently pending.
3. Affect on Universal Entertainment's
Earnings
There is no affect of this complaint on Universal
Entertainment's earnings. However any details that should be
disclosed moving forward will be done so promptly.
CONTACT: MEDIA CONTACTS:
Universal Entertainment Corporation (JASDAQ Code: 6425)
Contact: Akiko Ogasawara, PR&IR Office
Email address: ir@universal-777.com
Address: Ariake Frontier Bldg, A, 3-7-26 Ariake, koto-ku,
Tokyo, 135-0063 JAPAN
TEL: +81-3-5530-3055 (switchboard)
Wynn Resorts (NASDAQ:WYNN)
Historical Stock Chart
From Apr 2024 to May 2024
Wynn Resorts (NASDAQ:WYNN)
Historical Stock Chart
From May 2023 to May 2024