Ferris, et al. v. Wynn Resorts, Limited et al.
Wynn Securities Litigation
Case No. 2:18-CV-00479-CDS-BNW

Frequently Asked Questions

 

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  • The Court directed that the Notice be sent to you because you or someone in your family or an investment account for which you serve as custodian may have purchased Wynn Resorts securities during the Class Period. The Court has directed us to send you the Notice because, as a potential Class Member, you have the right to understand how this class action lawsuit may generally affect your legal rights. If the Court approves the Settlement and the Plan of Allocation (or some other plan of allocation), the Claims Administrator selected by Plaintiffs and approved by the Court will make payments pursuant to the Settlement after any objections and appeals are resolved.

    The purpose of the Notice is to inform you of the terms of the proposed Settlement, and of a hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement, the proposed Plan of Allocation, and the motion by Lead Counsel for attorneys’ fees and Litigation Expenses (the “Settlement Hearing”). See paragraphs 53-62 of the Notice for details about the Settlement Hearing, including the date and location of the hearing.

    The issuance of the Notice is not an expression of any opinion by the Court concerning the merits of any claim in the Action, and the Court still has to decide whether to approve the Settlement. If the Court approves the Settlement and a plan of allocation, then payments to Authorized Claimants will be made after any appeals are resolved and after the completion of all claims processing. Please be patient, as this process can take some time to complete.

     

  • This Action is a securities class action lawsuit alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Securities and Exchange Commission Rule 10b-5.  This lawsuit alleges that Defendants knew about or recklessly disregarded allegations of sexual misconduct against Defendant Stephen Wynn and concealed them. In concealing the allegations of sexual misconduct, Defendants made material misrepresentations or omitted material facts during the Class Period (March 28, 2016 through February 12, 2018).

    This Action was commenced on February 20, 2018 in the United States District Court for the Southern District of New York and was subsequently transferred to the United States District Court for the District of Nevada.

    By Order dated December 4, 2018, the Court appointed John V. Ferris and Joann M. Ferris as Lead Plaintiffs and appointed Pomerantz LLP as Lead Counsel and Muehlbauer Law Office, LTD. as liaison counsel.

    On July 1, 2020, Plaintiffs filed the operative amended complaint, the Second Amended Class Action Complaint (the “Complaint”). The Complaint named as defendants the Defendants defined herein, as well as former defendants Craig Scott Billings, John J. Hagenbuch, Robert J. Miller, Patricia Mulroy, Clark T. Randt Jr., Alvin V. Shoemaker, Daniel B. Wayson, Jay L. Johnson, Ray R. Irani, and J. Edward Virtue (“Former Defendants”).

    On August 14, 2020, Defendants and Former Defendants moved to dismiss
    the Complaint.

    After full briefing, on July 28, 2021, the Court entered an Order granting in part the motions to dismiss. The Order dismissed all Former Defendants.

    Thereafter, on August 31, 2021, Defendants answered the Complaint.

    By Order dated October 4, 2021, the Court bifurcated discovery, with Phase one discovery limited to issues concerning Class Certification and Phase two discovery pertaining to merits discovery.

    On July 18, 2022, Plaintiffs moved for class certification. On March 1, 2023, after full briefing, the Court certified the Class, appointed Plaintiffs as class representatives, and appointed Pomerantz LLP as class counsel and Muehlbauer Law as local/liaison counsel.

    Beginning in November 2023, the Class Notice was mailed to potential Class Members to notify them, among other things: (i) the Court’s certification of the Action to proceed as a class action on behalf of the Class; and (ii) Class Members’ right to request to be excluded from the Class, the effect of remaining in the Class or requesting exclusion, and the procedure for requesting exclusion. The deadline for requesting exclusion from the Class pursuant to the Class Notice was March 7, 2024.

    On November 14, 2023, Defendants Wynn Resorts and Maddox moved for partial summary judgment on the February 12, 2018 corrective disclosures, which Defendants Sinatra, Cootey, and Mr. Wynn joined.

    After full briefing, on May 29, 2024, the Court entered an Order denying Defendants’ motion for partial summary judgment without prejudice and granting Plaintiffs’ request for relief under Fed. R. Civ. P. 56(d).

    Throughout the pendency of this Action, the Parties have engaged in multiple attempts to mediate this dispute before private mediator Gregory P. Lindstrom, including two full-day in-person mediation sessions on September 18, 2023 and August 14, 2024, as well as numerous phone calls. The August 14, 2024 mediation session resulted in an agreement in principle to settle the Action for $70,000,000 for the benefit of the Class, subject to certain terms and conditions and the execution of a customary stipulation and agreement of settlement and related papers.

    After additional negotiations regarding the specific terms of their agreement, the Parties entered into the Stipulation on September 16, 2024. The Stipulation sets forth the specific terms and conditions of the Settlement and can be viewed on this website.

    By Order dated October 15, 2024, the Court preliminarily approved the Settlement, authorized notice of the Settlement to be provided to potential Class Members, and scheduled the Settlement Hearing to consider whether to grant final approval to the Settlement.

  • If you are a member of the Class who has not previously sought exclusion from the Class in connection with the Class Notice, you are subject to the Settlement. The Class, which was certified by the Court on March 1, 2023 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.

    PLEASE NOTE: Receipt of the Notice does not mean that you are a Class Member or that you will be entitled to receive proceeds from the Settlement.

    If you wish to be eligible to participate in the distribution of proceeds from the Settlement, you are required to submit the Claim Form that is being distributed with the Settlement Notice and the required supporting documentation postmarked (if mailed), or online, no later February 3, 2025.

     

  • Plaintiffs and Lead Counsel believe that the claims asserted against Defendants have substantial merit. They recognize, however, the uncertainty, expense, and length of the continued proceedings inherent in the prosecution of their claims through the pre-trial motions, trial, post-trial motions, and appeals presented significant risks to achieving a result superior to the Settlement.

    In light of these risks, the amount of the Settlement, and the immediacy of recovery to the Class, Plaintiffs and Lead Counsel believe that the proposed Settlement is fair, reasonable, and adequate, and in the best interests of the Class. Plaintiffs and Lead Counsel believe that the Settlement provides a favorable result for the Class compared to the risk that the claims in the Action would produce a smaller, or no, recovery after a contested trial and appeals, possibly years in the future.

    Defendants have denied the claims asserted against them in the Action and in the Complaint and deny having engaged in any wrongdoing or violation of law of any kind whatsoever. Defendants have agreed to the Settlement solely to eliminate the burden and expense of continued litigation. Accordingly, as noted above, the Settlement may not be construed as an admission of any wrongdoing by Defendants.

  • If there were no Settlement and Plaintiffs failed to establish, either at trial or on appeal, any essential legal or factual element of their claims against Defendants, neither Plaintiffs nor the other Class Members would recover anything from Defendants. Among other things, Plaintiffs faced the very real risk that it would not be able to establish that Defendants made false or misleading statements, acted with fraudulent intent, or caused losses to the Class. In light of these circumstances, the Class could recover substantially less than the amount provided in the Settlement, or nothing at all.

  • As a Class Member, you are represented by Plaintiffs and Lead Counsel, unless you enter an appearance through counsel of your own choice and at your own expense. You are not required to retain your own counsel, but if you choose to do so, such counsel must file a notice of appearance on your behalf and must serve copies of his or her appearance on the attorneys listed in the section entitled, “When And Where Will The Court Decide Whether To Approve The Settlement?,” on page 12 of the Notice.

    If you are a Class Member and you wish to object to the Settlement, the Plan of Allocation, and/or Lead Counsel’s motion for attorneys’ fees and Litigation Expenses, and if you did not previously exclude yourself from the Class in connection with Class Notice, you may present your objections by following the instructions in the section entitled, “When And Where Will The Court Decide Whether To Approve The Settlement?,” on page 12 of the Notice.

    If you are a Class Member you will be bound by any orders issued by the Court. If the Settlement is approved, the Court will enter a judgment (“Judgment”). The Judgment will dismiss with prejudice the claims against Defendants and will provide that, upon the Effective Date of the Settlement, Plaintiffs, the Class, and each of the other Class Members, on behalf of themselves, and their respective heirs, executors, administrators, predecessors, successors, and assigns, in their capacities as such, shall be deemed to have, and by operation of law and of the Judgment shall have, fully, finally, and forever compromised, settled, released, resolved, relinquished, waived, and discharged each and every Released Plaintiffs’ Claim (as defined in paragraph 34 of the Notice) against the Defendants’ Releasees (as defined in paragraph 35 of the Notice), and shall forever be barred and enjoined from prosecuting any or all of the Released Plaintiffs’ Claims against any of the Defendants’ Releasees. This Release shall not apply to any of the Excluded Plaintiffs’ Claims.

    “Released Plaintiffs’ Claims” means all claims and causes of action of every nature and description whatsoever in law, equity, or otherwise, rights, liabilities, suits, debts, obligations, demands, damages, losses, judgments, matters, and issues, whether known claims or unknown claims, whether arising under federal, state, local, statutory, common or foreign law, whether accrued or unaccrued, fixed or contingent, liquidated or unliquidated, direct or indirect, that (a) Plaintiffs or the Class Members asserted in the operative Complaint, or (b) could have been asserted in any forum that arise out of, relate to, or are based upon the purchase, acquisition, sale, disposition, or holding of Wynn Resorts securities during the Class Period. Released Plaintiffs’ Claims do not include: (i) any claims asserted by any person or entity who requested exclusion from the Class in connection with the Class Notice; (ii) if and only if the Court permits a second opportunity for Class Members to request exclusion from the Class, any claims of any person or entity that submits a request for exclusion from the Class in connection with the Settlement Notice that is accepted by the Court; or (iii) any claims related to the enforcement of the Settlement (the “Excluded Plaintiffs’ Claims”).

    “Defendants’ Releasees” means Defendants and Former Defendants, and each of their current and former employers, officers, directors, employees, agents, servants, representatives, parents, affiliates, subsidiaries, successors, predecessors, assigns, assignees, advisors, auditors, attorneys, underwriters, insurers, and reinsurers, and each of their respective heirs, executors, administrators, successors and assigns, including but not limited to Wynn Resorts and any of its subsidiaries.

    “Unknown Claims” means any Released Plaintiffs’ Claims which Plaintiffs or any other Class Member does not know or suspect to exist in his, her or its favor at the time of the release of such claims, and any Released Defendants’ Claims which any Defendant or any other Defendants’ Releasee does not know or suspect to exist in his, her, or its favor at the time of the release of such claims, which, if known by him, her or it, might have affected his, her or its decision(s) with respect to this Settlement. With respect to any and all Released Claims, the Parties stipulate and agree that, upon the Effective Date of the Settlement, Plaintiffs and Defendants shall expressly waive, and each of the other Class Members and Plaintiffs’ Releasees and Defendants’ Releasees shall be deemed to have waived, and by operation of the Judgment, shall have expressly waived, any and all provisions, rights, and benefits conferred by any law of any state or territory of the United States, or principle of common law or foreign law, which is similar, comparable, or equivalent to California Civil Code §1542, which provides:

    A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.

    Plaintiffs and Defendants acknowledge that they may hereafter discover facts in addition to or different from those which they or their counsel now know or believe to be true with respect to the subject matter of the Released Claims, but Plaintiffs and Defendants shall expressly settle and release, and each Class Member, upon the Effective Date, shall be deemed to have, and by operation of the Judgment, shall have, fully, finally and forever settled and released any and all Released Claims, known or unknown, suspected or unsuspected, contingent or non-contingent, which now exist, or heretofore have existed, upon any theory of law or equity now existing or coming into existence in the future, including but not limited to, conduct which is negligent, intentional, with or without malice, or a breach of any duty, law or rule, without regard to the subsequent discovery or existence of such different or additional facts. Plaintiffs and Defendants acknowledge, and each of the Class Members and each of the other Plaintiffs’ Releasees and Defendants’ Releasees shall be deemed by operation of law to have acknowledged, that the foregoing waiver was separately bargained for and constitutes a key element of the Settlement.

    Pursuant to the Judgment, upon the Effective Date of the Settlement, Defendants, on behalf of themselves, and their respective heirs, executors, administrators, predecessors, successors, assigns, representatives, attorneys, and agents in their capacities as such, shall be deemed to have, and by operation of law and of the Judgment shall have, fully, finally, and forever compromised, settled, released, resolved, relinquished, waived, and discharged each and every Released Defendants’ Claim (as defined in paragraph 38 of the Notice) against the Plaintiffs’ Releasees (as defined in paragraph 39 of the Notice), and shall forever be barred and enjoined from prosecuting any or all of the Released Defendants’ Claims against any of the Plaintiffs’ Releasees. This Release shall not apply to any of the Excluded Defendants’ Claims.

    “Released Defendants’ Claims” means all claims and causes of action of every nature and description whatsoever in law, equity, or otherwise, rights, liabilities, suits, debts, obligations, demands, damages, losses, judgments, matters, and issues, whether known claims or unknown claims, whether arising under federal, state, local, statutory, common or foreign law, whether accrued or unaccrued, fixed or contingent, liquidated or unliquidated, direct or indirect, that arise out of or relate to the institution, prosecution, or settlement of the Action against Defendants, including attorneys’ fees and costs.  Released Defendants’ Claims do not include: (i) any claims related to the enforcement of the Settlement; (ii) any claims against any person or entity who submitted a valid request for exclusion in connection with the Class Notice; or (iii) if and only if the Court permits a second opportunity for Class Members to request exclusion from the Class, any claims against any person or entity that submits a request for exclusion from the Class in connection with the Settlement Notice that is accepted by the Court (the “Excluded Defendants’ Claims”).

    “Plaintiffs’ Releasees” means (i) Plaintiffs, Plaintiffs’ Counsel, the Class Members, and (ii) Plaintiffs’ and the Class Members’ Immediate Family members, and their respective general partners, limited partners, principals, shareholders, joint venturers, members, officers, directors, managers, managing directors, supervisors, employees, contractors, consultants, experts, auditors, accountants, financial advisors, professional advisors, investment bankers, representatives, insurers, trustees, trustors, agents, attorneys, legal representatives, professionals, predecessors, successors, assigns, heirs, executors, administrators, affiliated persons and entities, sponsors, parents, subsidiaries, beneficiaries, and any controlling person thereof, all in their capacities as such.

  • To be eligible for a payment from the proceeds of the Settlement, you must be a member of the Class and you must timely complete and return the Claim Form with adequate supporting documentation postmarked (if mailed), or submitted through the online filing portal on the File a Claim page of this website, no later than February 3, 2025. A Claim Form is included with the Settlement Notice, or you may obtain one from this website or you may request that a Claim Form be mailed to you by calling the Claims Administrator toll free at 1-888-256-6153, or by emailing the Claims Administrator at info@WynnSecuritiesLitigation.com. Please retain all records of your ownership of and transactions in Wynn Resorts securities, as they may be needed to document your Claim. If you previously requested exclusion from the Class in connection with Class Notice or do not submit a timely and valid Claim Form, you will not be eligible to share in the Net Settlement Fund.

  • At this time, it is not possible to make any determination as to how much any individual Class Member may receive from the Settlement.

    Pursuant to the Settlement, Defendants have agreed to pay $70,000,000 in cash. The Settlement Amount will be deposited into an escrow account. The Settlement Amount plus any interest earned thereon is referred to as the “Settlement Fund.” If the Settlement is approved by the Court and the Effective Date occurs, the Net Settlement Fund will be distributed to Class Members who submit valid Claim Forms, in accordance with the proposed Plan of Allocation or such other plan of allocation as the Court may approve.

    The Net Settlement Fund will not be distributed unless and until the Court has approved the Settlement and a Plan of Allocation and that decision is affirmed on appeal (if any) and/or the time for any petition for rehearing, appeal, or review, whether by certiorari or otherwise, has expired, the review of pending Claims has been completed, and the Court orders distribution.

    Neither Defendants, the other Defendants’ Releases, nor any other person or entity who or which paid any portion of the Settlement Amount on their behalf are entitled to get back any portion of the Settlement Fund once the Court’s order or Judgment approving the Settlement becomes Final. Defendants and the other Defendants’ Releasees shall not have any liability, obligation, or responsibility for the administration of the Settlement, the disbursement of the Net Settlement Fund, or the Plan of Allocation.

    Approval of the Settlement is independent from approval of a plan of allocation. Any determination with respect to a plan of allocation will not affect the Settlement, if approved.

    Unless the Court otherwise orders, any Class Member who fails to submit a Claim Form postmarked (if mailed), or online, on or before February 3, 2025 shall be fully and forever barred from receiving payments pursuant to the Settlement but will in all other respects remain a Class Member and be subject to the provisions of the Stipulation, including the terms of any Judgment entered and the Releases given. This means that each Class Member releases the Released Plaintiffs’ Claims (as defined in paragraph 34 of the Notice) against the Defendants’ Releasees (as defined in paragraph 35 of the Notice) and will be enjoined and prohibited from prosecuting any of the Released Plaintiffs’ Claims against any of the Defendants’ Releasees whether or not such Class Member submits a Claim Form.

    Participants in and beneficiaries of a Wynn Resorts-sponsored employee retirement and/or benefit plan covered by ERISA (“ERISA Plan”) should NOT include any information relating to Wynn Resorts securities purchased/acquired or held through the ERISA Plan in any Claim Form they submit in this Action. They should include ONLY those publicly traded Wynn Resorts securities purchased or held outside of the Wynn Resorts-sponsored ERISA Plan. Claims based on any ERISA Plan(s)’ purchases or ownership of Wynn Resorts common stock may be made by the ERISA Plan(s)’ trustees.

    The Court has reserved jurisdiction to allow, disallow, or adjust the Claim of any Class Member.

    Each Claimant shall be deemed to have submitted to the jurisdiction of the Court with respect to his, her, or its Claim Form.

    Only Class Members will be eligible to share in the distribution of the Net Settlement Fund. Persons and entities who are excluded from the Class by definition or who previously excluded themselves from the Class in connection with Class Notice will not be eligible to receive a distribution from the Net Settlement Fund and should not submit Claim Forms.

    Appendix A to the Notice sets forth the Plan of Allocation for allocating the Net Settlement Fund among Authorized Claimants, as proposed by Plaintiffs. At the Settlement Hearing, Plaintiffs will request the Court approve the Plan of Allocation. The Court may modify the Plan of Allocation, or approve a different plan of allocation, without further notice to the Class.

  • Plaintiffs’ Counsel have not received any payment for their services in pursuing claims against the Defendants on behalf of the Class, nor have Plaintiffs’ Counsel been reimbursed for their out-of-pocket expenses. Before final approval of the Settlement, Lead Counsel will apply to the Court for an award of attorneys’ fees for all Plaintiffs’ Counsel in an amount not to exceed 33 ⅓% of the Settlement Fund. At the same time, Lead Counsel also intends to apply for payment of Litigation Expenses incurred in connection with the prosecution and resolution of this Action in an amount not to exceed $1.6 million, and may include a request for reimbursement of the reasonable costs and expenses incurred by Plaintiffs directly related to their representation of the Class. The Court will determine the amount of any award of attorneys’ fees or reimbursement of Litigation Expenses. Such sums as may be approved by the Court will be paid from the Settlement Fund. Class Members are not personally liable for any such fees or expenses.

  • Class Members do not need to attend the Settlement Hearing. The Court will consider any submission made in accordance with the provisions below even if a Class Member does not attend the hearing. You can participate in the Settlement without attending the Settlement Hearing.

    Please Note: The date and time of the Settlement Hearing may change without further written notice to the Class. The Court may decide to conduct the Settlement Hearing by video or telephonic conference, or otherwise allow Class Members to appear at the hearing by phone, without further written notice to the Class. In order to determine whether the date and time of the Settlement Hearing have changed, or whether Class Members must or may participate by phone or video, it is important that you monitor the Court’s docket and this website, before making any plans to attend the Settlement Hearing. Any updates regarding the Settlement Hearing, including any changes to the date or time of the hearing or updates regarding in-person or telephonic appearances at the hearing, will be posted to this website. Also, if the Court requires or allows Class Members to participate in the Settlement Hearing by telephone, the phone number for accessing the telephonic conference will be posted to this website.

    The Settlement Hearing will be held on January 27, 2025 at 10:00 a.m., before the Honorable Cristina D. Silva, United States District Court Judge, either in person in Courtroom 6B of the Lloyd D. George U.S. Courthouse, 333 Las Vegas Blvd. South, Las Vegas, NV 89101, or by telephone or videoconference (in the discretion of the Court). The Court reserves the right to approve the Settlement, the Plan of Allocation, Lead Counsel’s motion for an award of attorneys’ fees and Litigation Expenses, and/or any other matter related to the Settlement at or after the Settlement Hearing without further notice to the members of the Class.

    Any Class Member may object to the Settlement, the Plan of Allocation, and/or Lead Counsel’s motion for attorneys’ fees and Litigation Expenses. Objections must be in writing. You must file any written objection, together with copies of all other papers and briefs supporting the objection, with the Clerk’s Office at the United States District Court for the District of Nevada at the address set forth below as well as serve copies on Lead Counsel and Defendants’ Counsel at the addresses set forth below so that the papers are received on or before January 6, 2025.

    Clerk’s Office
    United States District Court for the District of Nevada
    Lloyd D. George U.S. Courthouse,
    333 Las Vegas Blvd. South
    Las Vegas, NV 89101

    Lead Counsel
    POMERANTZ LLP
    Attn: Jeremy Lieberman
    Murielle Steven Walsh
    600 Third Avenue, 20th Floor
    New York, New York 10016

    Defendants’ Counsel

    KIRKLAND & ELLIS LLP
    Attn: Mark Holscher
    2049 Century Park East, 37th Floor
    Los Angeles, California 90067
    (213) 680-8190

    ORRICK HERRINGTON & SUTCLIFFE LLP
    Attn: James Neil Kramer
    405 Howard St.
    San Francisco, CA 94105

    MCNUTT LAW FIRM, P.C.
    Attn: Daniel R. McNutt
    11441 Allerton Park Dr. #100
    Las Vegas, Nevada 89135

    BIRD, MARELLA, RHOW, LINCENBERG, DROOKS & NESSIM, LLP
    Attn: Gary S. Lincenberg
    1875 Century Park East, 
    23rd Floor
    Los Angeles, California 90067

    Any objections, filings, and other submissions by the objecting Class Member: (a) must identify the case name and docket number, Ferris, et al. v. Wynn Resorts Limited, et al., No. 2:18-cv-00479 (CDS) (BNW) (D. Nev.); (b) must state the name, address, and telephone number of the person or entity objecting and must be signed by the objector; (c) must state with specificity the grounds for the Class Member’s objection, including any legal and evidentiary support the Class Member wishes to bring to the Court’s attention and whether the objection applies only to the objector or to the entire Class; and (d) must include documents sufficient to prove membership in the Class, including the number of shares of Wynn Resorts securities that the objecting Class Member purchased, acquired, and/or sold during the Class Period (i.e., March 28, 2016 and February 12, 2018, inclusive), as well as the transaction dates, number of shares, and prices of each such purchase/acquisition and sale. The objecting Class Member shall provide documentation establishing membership in the Class through copies of brokerage confirmation slips or monthly brokerage account statements, or an authorized statement from the objector’s broker containing the transactional and holding information found in a broker confirmation slip or account statement.

    You may not object to the Settlement, Plan of Allocation, and/or Lead Counsel’s motion for attorneys’ fees and Litigation Expenses if you previously excluded yourself from the Class in connection with Class Notice or if you are not a member of the Class.

    You may submit an objection without having to appear at the Settlement Hearing. You may not, however, appear at the Settlement Hearing to present your objection unless you first submit a written objection in accordance with the procedures described above, or the Court orders otherwise.

    If you wish to be heard orally at the hearing in opposition to the approval of the Settlement, the Plan of Allocation, and/or Lead Counsel’s motion for attorneys’ fees and Litigation Expenses, and if you timely submit a written objection as described above, you must also file a notice of appearance with the Clerk’s Office and serve it on Lead Counsel and Defendants’ Counsel at the addresses set forth above so that it is received on or before January 6, 2025. Persons who intend to object and desire to present evidence at the Settlement Hearing must include in their written objection or notice of appearance the identity of any witnesses they may call to testify and exhibits they intend to introduce into evidence at the hearing. Such persons may be heard orally at the discretion of the Court.

    You are not required to hire an attorney to represent you in making written objections or in appearing at the Settlement Hearing. However, if you decide to hire an attorney, it will be at your own expense, and that attorney must file a notice of appearance with the Court and serve it on Lead Counsel and Defendants’ Counsel at the addresses set forth above so that the notice is received on or before January 6, 2025.

    Unless the Court orders otherwise, any Class Member who does not object in the manner described above will be deemed to have waived any objection and shall be forever foreclosed from making any objection to the proposed Settlement, the proposed Plan of Allocation, and/or Lead Counsel’s motion for an award of attorneys’ fees and Litigation Expenses. Class Members do not need to appear at the Settlement Hearing or take any other action to indicate their approval.

  • IMPORTANT: If you previously provided the names and addresses of persons and entities on whose behalf you purchased or otherwise acquired Wynn Resort securities from March 28, 2016 through February 12, 2018, inclusive and (i) those names and addresses remain current and (ii) you have no additional names and addresses for potential Class Members to provide to the Claims Administrator, you need do nothing further at this time. The Claims Administrator will mail the Settlement Notice and a Claim Form (the “Settlement Notice Packet”) to the beneficial owners whose names and addresses were previously provided in connection with the Class Notice. If you elected to mail the Class Notice directly to beneficial owners, you were advised that you must retain the mailing records for use in connection with any further notices that may be provided in the Action. If you elected this option, the Claims Administrator will forward the same number of Settlement Notice Packets to you to send to the beneficial owners. If you require more copies of the Settlement Notice Packet than you previously requested in connection with the Class Notice mailing, please contact the Claims Administrator, JND Legal Administration, by email at info@WynnSecuritiesLitigation.com or toll free at 1-888-256-6153, and let them know how many additional packets you require. You must mail the Settlement Notice Packets to the beneficial owners within seven (7) calendar days of your receipt of the Settlement Notice Packets.

    If you have not already provided the names and addresses for persons and entities on whose behalf you purchased Wynn Resorts securities from March 28, 2016 through February 12, 2018, inclusive in connection with the Class Notice, or if you have additional names or updated or changed information, then the Court has ordered that you must, WITHIN SEVEN (7) CALENDAR DAYS OF YOUR RECEIPT OF THE SETTLEMENT NOTICE, either: (i) send the Settlement Notice Packet to all such beneficial owners of such Wynn Resorts Securities, or (ii) send a list of the names and addresses of such beneficial owners to the Claims Administrator at Ferris, et al. v. Wynn Resorts, Limited et al., c/o JND Legal Administration, P.O. Box 91471, Seattle, WA 98111, in which event the Claims Administrator shall promptly mail the Settlement Notice Packet to such beneficial owners. AS STATED ABOVE, IF YOU HAVE ALREADY PROVIDED THIS INFORMATION IN CONNECTION WITH CLASS NOTICE, UNLESS THAT INFORMATION HAS CHANGED (E.G., BENEFICIAL OWNER HAS CHANGED ADDRESS), IT IS UNNECESSARY TO PROVIDE SUCH INFORMATION AGAIN.

    Upon full and timely compliance with these directions, nominees who mail the Settlement Notice Packet to beneficial owners may seek reimbursement of their reasonable out-of-pocket expenses, incurred in providing notice to beneficial owners, which expenses would not have been incurred except for the providing names and addresses up to $0.05 per name (with address and email address) provided to the Claims Administrator; up to $0.05 per Settlement Notice and Proof of Claim mailed plus postage at the rate used by the Claims Administrator; or up to $0.05 per Settlement Notice and Claim Link sent by email, with any disputes as to the reasonableness or documentation of expenses incurred subject to review by the Court.

    Copies of the Settlement Notice and the Claim Form may be obtained from this website, by calling the Claims Administrator toll free at 1-888-256-6153, or by emailing the Claims Administrator at info@WynnSecuritiesLitigation.com.

  • The Notice contains only a summary of the terms of the Settlement. For the terms and conditions of the Settlement, please see the Stipulation available on the Important Documents page of this website. More detailed information about the matters involved in this Action can be obtained by accessing the Court docket in this case, for a fee, through the Court’s Public Access to Court Electronic Records (PACER) system at https://www.nvd.uscourts.gov/, or by visiting, during regular office hours, the Office of the Clerk, United States District Court for the District of Nevada, Lloyd D. George U.S. Courthouse, 333 Las Vegas Blvd. South, Las Vegas, NV 89101. Additionally, copies of the Stipulation, any related orders entered by the Court and certain other filings in this Action will be posted on this website.

    All inquiries concerning the Settlement Notice and the Claim Form should be directed to:

    Ferris, et al. v. Wynn Resorts, Limited, et al.
    c/o JND Legal Administration
    P.O. Box 91471
    Seattle, WA 98111
    1-888-256-6153
    info@WynnSecuritiesLitigation.com

    and/or

    Jeremy Lieberman
    Murielle Steven Walsh
    POMERANTZ LLP
    600 Third Avenue,
    20th Floor
    New York, New York 10016
    jalieberman@pomlaw.com
    mjsteven@pomlaw.com

    PLEASE DO NOT CALL OR WRITE THE COURT, THE CLERK’S OFFICE, WYNN RESORTS, OR DEFENDANTS’ COUNSEL REGARDING THE NOTICE.

For More Information

Visit this website often to get the most up-to-date information.

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