Las Vegas Sands settles six-year-old court fight with Sands China ex-CEO Steve Jacobs

Casino operator Las Vegas Sands has settled the nearly six-year-old wrongful termination suit brought by former Sands China CEO Steve Jacobs (pictured, far right).

On Tuesday, Sands China filed papers with the Hong Kong Exchange announcing a “confidential settlement of legal proceedings” between the company and Jacobs. The terse statement says, in its entirety:

“On or about May 31, 2016, the parties to the Proceedings reached a comprehensive and confidential settlement through which Mr. Jacobs dismissed all claims in the Nevada state and federal cases against our controlling shareholder, Las Vegas Sands Corp., the Company, our subsidiary Venetian Macau Limited, and Mr. Sheldon Gary Adelson and released all claims as of that date.”

Jacobs was unceremoniously ousted from Sands China in July 2010 for still murky reasons, despite having been credited by Las Vegas Sands COO Michael Leven only one year earlier for having “saved the ship” that was Sands China. Jacobs filed his wrongful termination suit that October and an extremely nasty war of words and writs ensued.