Daily News Poker News Online Gaming News Investor News Vegas News Featured Articles
Strategies & Tips Books & Movies
Gaming Life Gaming Tips Comps & Promos
HOME > > Kahn Swick and Foti launches investigation into Las Vegas Sands Corp

Kahn Swick and Foti launches investigation into Las Vegas Sands Corp

2 October 2020

(PRESS RELEASE) -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC, announces that KSF has commenced an investigation into Las Vegas Sands Corp..

On 16 September 2020, Bloomberg reported that the Company has retained a law firm to investigate employee transfers of more than $1 billion in gambling patron funds to third parties at its Marina Bay Sands casino, according to unnamed sources. The move follows probes of the casino by the U.S. Department of Justice and Singapore authorities as well as a lawsuit by a patron alleging the unauthorized transfer of S$9.1 million ($6.7 million) of his money to other gamblers, which the Company settled out of court in June agreeing to full reimbursement with a "non-admission" of liability.

KSF's investigation is focusing on whether Las Vegas Sands' officers and/or directors breached their fiduciary duties to the Company's shareholders or otherwise violated state or federal laws.

 
RGT ONLINE SHORTCUTS

> Latest Headlines
   The stories that are the news.

> Daily News
   In depth coverage of the news that
   affects the gaming enthusiast.

> Featured Articles
   Articles by RGT's featured writers.

> Vegas News
   Tales from Sin City.

> Investor News
   Press releases and Investor info.

> Casino City's Online Poker Directory
   The web's most comprehensive online
   poker directory.

> Advanced Search
   Check our archives for past articles.

FREE NEWSLETTER
Sign up for Casino City's Newsletter and a Chance to Win an exciting Casino City Prize
CONTACT RGT ONLINE  |  EDITORIAL STAFF  |  SITE MAP  |  CASINO CITY  |  AUDIOVEGAS