Charles C Foti Jr Esq, a partner in the Kahn Swick & Foti LLC law firm, has announced that the company has started an investigation into Las Vegas Sands Corp.
Bloomberg announced on September 16 , 2020 that, according to unidentified sources, the organisation has hired a law firm to investigate employee transfers of more than $1bn in gaming patron funds to third parties at its Marina Bay Sands casino.
The step follows the U.S. Department of Justice and Singapore authorities’ proof of the casino as well as a complaint by a manager claiming the illegal transfer of S$9.1 million of his money to other gamblers, which the company resolved out of court in June agreeing to complete repayment with a “non-admission” of liability.
KSF’s investigation focuses on whether the officers and/or directors of Las Vegas Sands breached their fiduciary obligations to the shareholders of the company or otherwise violated state or federal laws.
The organisation demanded more details in a statement that may be important to the investigation. That said: “If you have information that would assist KSF in its investigation, or have been a long-term holder of Las Vegas Sands shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]).”