Casino owner Steve Wynn might not have liked what hedge fund manager Jim Chanos said about him at an invitation-only event in Berkeley, California, but a judge has ruled that Chanos is not guilty of slander, as reported by Business Insider.
It all began when Jim Chanos made remarks some thought implied that Wynn Resorts was guilty of violating the U.S. Foreign Corrupt Practices Act and possibly bribed government officials. Steve Wynn filed a lawsuit against Chanos, and said that his company has been thoroughly investigated by the SEC and other agencies and has not been found guilty of bribery or corruption.
It looks like Chanos has the upper hand and is off the hook from paying damages to Wynn. Jim Chanos is best known on Wall Street for making the winning move of shorting Enron before its unforseen bankruptcy. Steve Wynn was born Stephen Alan Weinberg. His father changed the family name to Wynn to avoid anti-Semitism.