SCOTT SONNER and MARINA VILLENEUVE
RENO, Nev. (AP) — Wynn Resorts agreed Wednesday to accept $41 million from former CEO and chairman Steve Wynn and insurance carriers as part of a settlement stemming from shareholder lawsuits accusing company directors of failing to disclose the casino mogul's alleged pattern of sexual misconduct.
Neither the company nor its current or former directors or officers were found to have committed any wrongdoing in connection with the pending settlement involving multiple public pension funds, the company said in a statement late Wednesday.
The deal is subject to approval of a judge in Las Vegas.
Wynn would pay $20 million in damages while another $21 million will come from insurance carriers on behalf of current and former employees o