The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Proposed Settlement and Plan of Allocation; (II) Settlement Hearing; and (III) Motion for Attorneys' Fees and Litigation Expenses (the “Notice”). A copy of the Notice can be found on the Important Documents page at the top of this website. Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action

This website relates to a securities class action brought by Wynn Resorts investors alleging, among other things, that Defendants Wynn Resorts Limited (“Wynn Resorts”), Stephen Wynn, Kimmarie Sinatra, Matthew Maddox, and Stephen Cootey (collectively, “Defendants”) violated the federal securities laws insofar as they knew about or recklessly disregarded allegations of sexual misconduct against Defendant Stephen Wynn and concealed such allegations through material misrepresentations and omissions of material facts. Defendants deny all allegations of wrongdoing or liability.

Plaintiffs, individually and on behalf of the Class, have agreed to settle the Action in exchange for a settlement payment of $70,000,000 in cash (the “Settlement Amount”) to be deposited into an escrow account. The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, d) any attorneys’ fees awarded by the Court, and (e) any awards to Plaintiffs approved by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Class.

The Class consists of:

All individuals and entities that purchased or otherwise acquired Wynn Resorts securities between March 28, 2016 and February 12, 2018, inclusive (the “Class Period”), and who were damaged thereby.

Excluded from the Class are Defendants, the officers and directors of the Company at all relevant times, members of their immediate families and their legal representatives, heirs, successors, or assigns, and any entity in which Defendants have or had a controlling interest. Also excluded from the Class are the persons and entities who requested exclusion from the Class in connection with the mailing of the Class Notice.

Following the Settlement Hearing on January 27, 2025, the Court entered a final Judgment approving the Settlement and an order awarding attorney’s fees and litigation expenses.

Payments to eligible claimants will be made after the completion of all claims processing. Please be patient, as this process will take some time to complete.

Please read the Notice to fully understand your rights and options. A copy of the Notice can be found on the Notice page of this website.

If you have any questions about the Notice or the Settlement, please do not contact Wynn Resorts or its counsel. All questions should be directed to Lead Counsel or the Claims Administrator. 

How do I obtain more information?

Detailed information about the Settlement is contained in the Notice, a copy of which can be found on the Important Documents page of this website. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 888-256-6153 or emailing info@WynnSecuritiesLitigation.com or mailing a letter to:

Ferris, et al. v. Wynn Resorts, Limited et al.
c/o JND Legal Administration
PO Box 91471
Seattle, WA 98111

Inquiries should NOT be directed to the Court or the Clerk of the Court.