Las Vegas Sands Corp.'s leadership failed to tell investors it lacked effective control measures at a Singapore casino that became the subject of a DOJ anti-money laundering probe, a shareholder told a federal court in Nevada.
The company’s directors and officers didn’t disclose how those deficiencies put its Marina Bay Sands casino at an “increased risk” of fraudulent transfers of patron funds, according to the shareholder derivative complaint filed in the U.S. District Court for the District of Nevada.
LVSC also failed to tell investors that the lack of effective controls put it at risk for legal action and additional ...
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