Judge Fines Sands Corp. $25,000
LAS VEGAS (AP) — A Nevada judge has fined Las Vegas Sands Corp. $25,000, citing its failure to disclose important information in a lawsuit filed by a fired executive against the casino company.
Clark County District Judge Elizabeth Gonzales ruled Friday that Las Vegas Sands showed an “intention to deceive the court” by failing to disclose that the information had been transferred from China to the U.S.
After Steven Jacobs was fired in 2010 as CEO of Sands China Ltd., a Sands subsidiary with extensive casino holdings in Macau, he filed a lawsuit claiming he was terminated for opposing company demands that he engage in improper conduct.
Sands attorneys argued the transfer of the information to Nevada was held up by Macau law, but Gonzales ruled the claims were false.