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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Las Vegas Sands Corp | NYSE:LVS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.13% | 45.49 | 45.9999 | 45.10 | 45.55 | 4,932,337 | 01:00:00 |
From Apr 2019 to Apr 2024
By Kate O'Keeffe and Alexandra Berzon
Las Vegas Sands Corp. has agreed to pay more than $75 million to settle a case brought by its former Macau chief executive, according to a person familiar with the matter.
The settlement, reached Tuesday, resolves all claims brought by the casino operator's former Macau chief executive, Steve Jacobs, against the company, its subsidiaries and its controlling shareholder, Republican megadonor Sheldon Adelson, according to a company statement to the Hong Kong stock exchange.
The settlement involves between $75 million and $100 million, according to the person familiar with the matter.
Mr. Jacobs's wrongful termination lawsuit had been set to go to trial in Nevada in September.
Mr. Adelson sued Wall Street Journal reporter Kate O'Keeffe for libel in 2013. A spokeswoman for the Journal, which wasn't named in the suit, has said the newspaper would continue to vigorously defend Ms. O'Keeffe.
Write to Alexandra Berzon at alexandra.berzon@wsj.com
(END) Dow Jones Newswires
May 31, 2016 23:53 ET (03:53 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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