NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Las Vegas Sands Corp. (NYSE: LVS) between February 27, 2016 and September 15, 2020, inclusive (the “Class Period”).
To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=las-vegas-sands-corp&id=2452 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
If you wish to serve as lead plaintiff, you must move the Court before the December 21, 2020 DEADLINE. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Marina Bay Sands, a Las Vegas Sands resort in Singapore, casino control measures pertaining to fund transfers had weaknesses; the Marina Bay Sands’ casino was consequently prone to illicit fund transfers that implicated, among other issues, the transfer of customer funds to unauthorized persons and potential breaches in the Company’s anti-money laundering procedures; the foregoing foreseeably increased the risk of litigation against the Company, as well as investigation and increased oversight by regulatory authorities; Las Vegas Sands had inadequate disclosure controls and procedures; consequently, all the foregoing issues were untimely disclosed; and as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
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