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Las Vegas Review-Journal newspaper, the Louisiana City Police Employees Retirement System holds shares in Wynn Resorts and has filed a lawsuit in Las Vegas District Court.

The “shareholder derivative lawsuit,” which is filed when investors believe directors and executives have not done the best job of managing the company in the best interests, was filed after Win Resorts decided to donate $135 million to the Macau University Development Foundation. Win Macao Limited’s ultimate contribution was unprecedented, noting that Fernando Cui, president of the university, is the head of the Macau government, which oversees gaming issues.

The lawsuit, which claimed financial damages as well as halting additional donations to Macau universities, was dismissed by the U.S. District Court for the District of Nevada in February before the investor appealed to the 9th Circuit Court of Appeals.파워볼실시간

The 9th Circuit Court of Appeals said in its ruling that shareholders failed to provide sufficiently detailed arguments to support the reasoning that a majority of Win Resorts’ board lacked independence. It also upheld an earlier ruling that such claims were inappropriate to show such flaws.

Wynn Resorts, which operates the Wynn Macau Resort and the upcoming Wynn Palace co-tie in the former Portuguese colony, has previously denied any improper offers and explained that the donation agreement was reviewed by lawyers to ensure compliance with U.S. anti-bribery laws.