Universal Entertainment sought court orders to stop Steve Wynn's "Power game" for Wynn Resorts 2¥q

The court's initial ban will protect Aruze USA Inc. 's shareholder vote.

The revised counterclaim document details Wynn's fraud plan against Kazuo Katsuya and Wynn's treachery in order to consolidate its power.

Las Vegas--(US business information)--universal Entertainment Corp. and its subsidiaries Aruze USA, Inc. today asked the judge to resume Aruze USA as WYNN Resorts (Nasdaq:wynn) The first major shareholder's power to effectively stop http://www.aliyun.com/zixun/aggregation/32086.html "> Chief executive Stephen Wynn through punitive illegal bids to consolidate his power, Clear the board against Sound Kazuo Katsuya behavior.

A preliminary injunction issued by the Nevada District Court says it will protect Aruze USA's voting rights. In February this year, Mr. Katsuya challenged the company last year to donate $135 million to a university foundation associated with a Macao gaming regulator, Wynn and another director conspired to illegally punish Aruze USA and deprive him of the right to vote.

Today, Universal Entertainment and Aruze USA filed a modified counterclaim against Mr. Wynn, Wynn Resorts legal adviser Kim Sinatra and several directors of the board of directors, accusing 820.html of ">steve Wynn in order to maintain control of the gaming business by committing fraud, fraud, theft, and leaks, and as early as 2002, Wynn Resorts and Mr Wynn, in an improper manner, attempted to obtain a substantial discount for Aruze USA shares in order to increase the shareholding of Mr. Wynn and his board's accomplices, have constituted fraudulent acts.

Universal Entertainment and Aruze, speaking on the legal proceedings, said: "The court's preliminary injunction and our amended counterclaim are to protect our investment, restore the independent judgment of the Wynn Resorts board and sound corporate governance." ”

Mr. Katsuya also commented on the actions of Universal Entertainment and Aruze USA: "Steve Wynn betrayed my trust and friendship and took a series of actions to suppress dissent and slander criticism. In order to maintain absolute control over the company, we must oppose his practice to protect the interests of all shareholders. Unfortunately, this is not the first time that Mr Wynn has exposed his nature, and I believe that it is not the end of his unlawful actions, given that Steve Wynn a man above all others. ”

The preliminary injunction promulgated by the court was designed to prohibit Wynn Resorts deprive Aruze Wynn of any of the rights of resorts the United States, prior to the Federal Court's decision to Wynn resorts between the parties concerned and universal entertainment.

The ban says Mr. Wynn and Wynn Resorts are trying to make a mistake about the appropriateness of Mr Katsuya's stay on the board, "suppressing objections and consolidating their power", based on a flawed compliance commission that is not based on facts. The Wynn resorts board tried to deprive Aruze of the shares held by the USA, accusing Aruze USA and Mr. Katsuya based on distorted and erroneous investigations. Wynn Resorts had threatened that Mr. Katsuya would disqualify his company directors by convening a general meeting of shareholders.

"Aruze USA and Universal firmly deny any wrongdoing, and, more importantly, any action they are accused of does not pose a real imminent danger to Wynn Resorts's gaming licence," the document said. These accusations are only paving the road for Steve Wynn, the board and Wynn Resorts management to expand their own pockets. ”

Wynn Resorts and the board's porous, fragmented so-called "independence" Freeh Sporkin & Sullivan reported violations of public policy, breach of contractual obligations, "wrongful acts" in breach of fiduciary duty, The motives for its announcement were partly to deprive Aruze and Mr. Katsuya of seeking to change the board's ability to avoid undermining the company's centralised control over the firm's corporate governance standards.