NEW YORK–(BUSINESS WIRE)–$LVS #classaction–The law firm of Kirby McInerney LLP is investigating potential claims against Las Vegas Sands Corp. (“Las Vegas Sands” or the “Company”) (NYSE: LVS). The investigation focuses on whether Las Vegas Sands’ officers and/or directors breached their fiduciary duties to the Company’s shareholders or otherwise violated state or federal laws.
On September 16, 2020, Bloomberg reported that the Company has retained a law firm to investigate employee transfers of more than $1 billion in gambling patron funds to third parties at its Marina Bay Sands casino, according to unnamed sources. The move follows probes of the casino by the U.S. Department of Justice and Singapore authorities as well as a lawsuit by a patron alleging the unauthorized transfer of S$9.1 million ($6.7 million) of his money to other gamblers, which the Company settled out of court in June agreeing to full reimbursement with a “non-admission” of liability.
If you purchased or otherwise acquired Las Vegas Sands securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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