It is clear that this stock is waiting for the trial outcome. For anyone that does not think this will effect stock you are out to lunch. If LVS wins or small damages it will move over $60 easy. Big loss will create further uncertainty of other litigation. This will hurt stock for awhile. I am hoping for a win!!!
Share price will go up no matter what happens in trial, this will be put to bed for good. Next SA needs to settle with jacobs and get him off the table. Then you can get the real value of LV$. DOJ is just obama's hate for SA i don't se anything coming of that.
From the AP: Sands argued that while Suen arranged a few meetings and gave the company some advice, his efforts were ultimately useless and unnecessary.
On Thursday, Suen's lawyer drew an analogy to a person who hires a real estate agent to sell his home, saying even if the homeowner finds a buyer quickly and easily, the agent is still entitled to collect his commission, or at least a portion of it.
In his rebuttal Friday, Sauber said Suen was trying to take credit for the work of others.
"It's a story filled with false statements, imaginary meanings, claims to ownerships of other people's ideas," he said. "It's a story of speculation."