ALBANY, N.Y. — The New York official in charge of the state’s $209 billion public pension fund has filed a lawsuit against Wynn Resorts in the wake of sexual misconduct allegations against former company CEO Steve Wynn.
Comptroller Thomas DiNapoli (dee-NAP’-oh-lee) announced Monday that the derivative lawsuit alleges certain officers and directors knew the company’s founder and chairman had made repeated unwanted sexual advances toward employees and pressured them to perform sex acts.
Wynn resigned earlier this month. He denied the misconduct accusations and attributed them to a campaign led by his ex-wife.
The lawsuit allows Wynn Resort shareholders to take legal action when a company’s executives don’t meet their obligations as fiduciaries of the company.
The state’s retirement fund holds shares in Wynn Resorts with an estimated value of about $30 million.