Nevada court junks Wynn’s plea to avoid jury trial

Wynn has apparently lost the first round of his legal battle with Japanese billionaire Kazuo Okada in connection with the latter’s stock redemption case.

Bloomberg reported that Nevada District Court Judge Elizabeth Gonzalez threw out the petition of Wynn Resorts Ltd seeking to avoid a jury trial, paving the way for the hearing of the case in April 2018.

Judge Gonzalez rejected Wynn’s arguments that the Supreme Court was clear with its ruling that courts cannot question a board’s decision as long as it’s made following proper procedures, saying that the “business judgment” rule only guarantees the protection of the personalities and not the company itself.

Before Gonzalez’ handed her decision, Universal Entertainment’s lawyer David Krakoff argued at Monday’s hearing that ‘”the Wynn board will pull out all the stops to go after, to attack anyone opposed to Mr. Wynn, like Mr. Okada and Ms. Wynn.”