Alleged stock exchange press release results in legal action for defamation

Philippines

14/12/2012

MANILA, Philippines (UPDATED) – The company of controversial Japanese billionaire Kazuo Okada filed Internet libel case versus his partner-turned-bitter foe, Steve Wynn, in Manila for “maliciously” leaking to the press a report adversarial to Okada.

In a December 13 disclosure to the Japanese stock exchange, Okada-led Universal Entertainment Corp. said the group filed a criminal complaint against Wynn, chairman of Wynn Resorts where Okada was vice chair and the biggest shareholder, at a local court in Parañaque City.

 

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