Connect with us

Hi, what are you looking for?

Jewish Business News

Court

New trial in $100 Million Las Vegas Sands case

Sheldon Adelson,   Chairman Of Las Vegas Sands Corp. Interviewed

 

Nevada’s high court called for a review of the $70 million verdict in 2013 that a jury ordered Sheldon Adelson’s Las Vegas Sands to pay to Richard Suen who claimed to have helped Sands Corp. win permission to operate in Macau.

Las Vegas Sands owner of four resorts in Macau. The high court said “there wasn’t sufficient evidence to justify the $70 million in damages a jury awarded in Richard Suen in 2013 and that a new trial was needed, ” Bloomberg reported.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Interest and penalties have added an additional $30 million to the amount, court filings say.

“We hold there was insufficient evidence to support the jury’s award of damages, and thus, a new trial on the issue of damages is warranted, ” the justices said Friday.

Read the full story at Reuters 

Newsletter



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

History & Archeology

A groundbreaking discovery in the Manot Cave in the Western Galilee, Israel has unearthed the earliest evidence in the Levant (and among the world's...