1. Wynn Case Raises Questions About Responsibility to Investors

    Wynn Case Raises Questions About Responsibility to Investors

    NEW YORK (AP) - The scandal that forced the resignation of Steve Wynn as chairman and CEO of the casino and resorts company bearing his name is raising questions about the obligation of corporations to disclose sexual misconduct allegations to their investors - an issue complicated by a web of workplace and legal practices that companies have used to keep such situations under wraps...

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    1. More importantly, in this case, the lawsuit is likely to result in a disclosure of the very facts that the company sought to keep confidential.
    2. The company would rather be in arbitration because that is a much more favorable venue for them than a court. This is why arbitration agreements are popular with employers but also very controversial.
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