Las Vegas hotels defeat price-fixing class action over room rates [Reuters]
Wynn Resorts, Limited (WYNN)
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Source: Reuters
information through a third-party platform in order to charge artificially higher room rental rates. Chief U.S. District Judge Miranda Du in Las Vegas in a on Wednesday said the plaintiffs had not shown that the hotels had made any agreement with each other to fix prices. Du had an earlier version of the lawsuit but let the consumers amend their case. Her new order dismissed the lawsuit outright. The consumer plaintiffs last year sued Wynn Resorts, Caesars, Treasure Island and others, alleging they used a revenue platform by tech company Cendyn to unlawfully coordinate on room prices, in violation of U.S. antitrust law. The amended complaint added private equity giant Blackstone as a defendant. Report this ad Wynn, Blackstone and several other defendants either declined to comment or did not immediately respond to a request for comment on Thursday. They all had denied any wrongdoing. Cendyn in a statement said it welcomed Du's ruling to dismiss the lawsuit with prejudice.
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WYNN
Earnings
- 5/7/24 - Beat
WYNN
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/3/24 - Form 4
- WYNN's page on the SEC website