The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Nevada on behalf of investors who purchased Las Vegas Sands Corp. (NYSE: LVS) securities between February 27, 2016 and September 15, 2020.
According to the Las Vegas Sands lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) weaknesses existed in Marina Bay Sands’ casino control measures pertaining to fund transfers; (ii) the Marina Bay Sands’ casino was consequently prone to illicit fund transfers that implicated, among other issues, the transfer of customer funds to unauthorized persons and potential breaches in the Company’s anti-money laundering procedures; (iii) the foregoing foreseeably increased the risk of litigation against the Company, as well as investigation and increased oversight by regulatory authorities; (iv) Las Vegas Sands had inadequate disclosure controls and procedures; (v) consequently, all the foregoing issues were untimely disclosed; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Las Vegas Sands you have until December 21, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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