Published On: Tue, Mar 15th, 2016

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.

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 

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