Steve Wynn Sues Jim Chanos For Alleged Slander

Wynn Resorts, Limited (NASDAQ:WYNN) and its chairman Steve Wynn have filed a slander suit against short-seller Jim Chanos over an alleged statement that Wynn violated the federal Foreign Corrupt Practices Act.

Earlier Jim Chanos, founder of New York-based hedge fund Kynikos Associates LP, said he would no longer be long the Macau casinos.

Steve Wynn's alleged violation of FCPA

According to a complaint filed by Wynn Resorts Ltd in federal court in San Francisco, Jim Chanos told an audience at an invitation-only event in Berkeley, California that Wynn Resorts,...