Morgan, Lewis & Bockius, LLP Files Federal Complaint on Behalf of Kazuo Okada Seeking to Enjoin Wynn Resorts’ Special Meeting

  Morgan, Lewis & Bockius, LLP Files Federal Complaint on Behalf of Kazuo
  Okada Seeking to Enjoin Wynn Resorts’ Special Meeting of Shareholders

Complaint Alleges that Wynn Resorts Proxy Makes “Numerous Materially False and
                            Misleading Statements”

Business Wire

LAS VEGAS -- January 25, 2013

Kazuo Okada today announced that he has filed a lawsuit in Federal Court to
enjoin the Special Meeting of Shareholders called by Wynn Resorts (NASDAQ:
WYNN) for February 22, 2013, for the purpose of voting on a proposal by the
Executive Committee of Wynn Resorts to remove Mr. Okada as a director.

The complaint, filed in the United States District Court in Las Vegas, Nevada,
alleges that the January 3, 2013 proxy filed by Wynn Resorts (“the Company”)
to call the Special Meeting makes numerous materially false and misleading
statements, violating Section 14(a) of the Securities Exchange Act of 1934 and
SEC Rule 14a-9.

The suit by Mr. Okada seeks preliminary and permanent injunctive relief to
prevent the February 22, 2013 Special Meeting from occurring on the record of
the Company’s proxy.

Mr. Okada is a co-founder and member of the Board of Directors of Wynn
Resorts, Ltd. He is founder and Chairman of Universal Entertainment
Corporation.

Mr. Okada is represented in this litigation by the law firm of Morgan, Lewis &
Bockius, LLP.

Contact:

RLM Finsbury
Kirsti McCabe or Chris Mumma, +1-646-805-2000
Okadamedia@rlmfinsbury.com
 
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