October 24, 2014
LAS VEGAS (AP) - A Nevada court has dismissed one part of a defamation lawsuit filed by a Japanese billionaire against U.S. casino company Wynn Resorts Ltd.
Kazuo Okada argues in his complaint that Wynn executives threatened Okada to force him to sell his 20 percent stake in the company.
Okada was once Wynn Resorts' single largest shareholder, but the company forcibly bought back his shares after it said it found that Okada made improper payments to overseas gambling regulators.
The Las Vegas Review-Journal reports Clark County District Judge Elizabeth Gonzalez ruled Tuesday that claim was not "cognizable" under Nevada law.
Gonzalez allowed the lawsuit proceed with 19 other claims in place.
Her ruling also allows Okada's attorney to refile the claim by citing a different state law.