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Las Vegas Sands Investor Alert: Shareholder Lawsuit Filed

·3 min read

BOSTON, MA / ACCESSWIRE / November 13, 2020 / The Thornton Law Firm announces that a class action lawsuit has been filed on behalf of investors of Las Vegas Sands Corp. (NYSE:LVS). Investors who purchased LVS stock or other securities between February 27, 2016, and September 15, 2020, may contact the Thornton Law Firm to obtain a copy of the complaint or to discuss the lead plaintiff process. Interested investors are encouraged to visit: www.tenlaw.com/cases/LasVegasSands. Investors may email investors@tenlaw.com or call 617-531-3917. Interested Las Vegas Sands investors have until December 21, 2020, to apply to be a lead plaintiff.

FOR MORE INFORMATION: www.tenlaw.com/cases/LasVegasSands

The case alleges that Las Vegas Sands and two of its senior executives made misleading statements to investors and failed to disclose that: (i) weaknesses existed in Marina Bay Sands' casino control measures pertaining to fund transfers; (ii) the Marina Bay Sands' casino was consequently prone to illicit fund transfers that implicated, among other issues, the transfer of customer funds to unauthorized persons and potential breaches in Las Vegas Sands' anti-money laundering procedures; (iii) Las Vegas Sands had inadequate disclosure controls and procedures; and (iv) as a result of the foregoing, Las Vegas Sands faced an increased threat of regulatory action and litigation. It is alleged that Bloomberg reported on these weaknesses, and on this news, Las Vegas Sands' stock price fell, thereby damaging investors.

FOR MORE INFORMATION, VISIT: www.tenlaw.com/cases/LasVegasSands

The lawsuit alleges violations of the federal securities laws. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the securities at issue in the case during the Class Period to seek appointment as a lead plaintiff in the lawsuit. A lead plaintiff acts on behalf of all other investor class members in managing the class action and can select a law firm of their choice to litigate the lawsuit. Serving as a lead plaintiff does not impact an investor's share in any potential recovery. Investors do not need to be a lead plaintiff to be a member of the class. If investors choose to take no action, they can remain an absent class member. Interested Las Vegas Sands investors have until December 21, 2020 to apply to be a lead plaintiff. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.


Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111

SOURCE: Thornton Law Firm LLP

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