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March 8, 2018

Oregon sues Wynn in fiduciary dispute

SALEM, Ore. (AP) — The state of Oregon has sued gambling mogul Steve Wynn and the board of directors of Wynn Resorts, alleging a failure to act in the best interests of shareholders and stop a pervasive pattern of sexual misconduct at the Las Vegas-based company.

Oregon Attorney General Ellen Rosenblum and Treasurer Tobias Read say the state's pension system held 8,506 shares of company stock worth a total of $1.3 million.

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