Las Vegas Sands Corp. is off the hook for allegations that its Singapore casino didn’t take proper money-laundering control measures, after shareholders opted not to replead claims that were previously rejected by a federal court in Nevada.
Investors had alleged that Las Vegas Sands failed to tell investors how control deficiencies put its Marina Bay Sands location in Singapore at increased risk of fraudulent transfers using patron funds. The casino chain also allegedly failed to disclose the legal risks and regulatory scrutiny to which it would be subject, and the Justice Department issued a grand jury subpoena in an anti-money ...
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