Steve Wynn Ex Attorneys Barred From Suit Over Stock

The attorneys for Elaine Wynn, the ex-wife of casino mogul Steve Wynn, have been barred from participating in a stock lawsuit while considering whether to disqualify them completely.  Elaine has been attempting to get out of an agreement that prevents her from selling her $1-billion stake in Wynn Resorts without her former husband’s permission.  

Bloomberg reports that Wynn Resorts claims that her attorneys failed to disclose to the judge and the company’s lawyers that they possessed proprietary information about the casino operator that Elaine Wynn had downloaded on her computer.

Elain’s team of lawyers alleged that she had been ousted from the board in retaliation for challenging her ex-husband’s management style.  The contentious divorce includes claims of security law violations and company misconduct. 

Just this week Steve Wynn was announced as the new Republican National Committee finance chairman.

- Aaron Goldstein, Gambling911.com