Wynn Resorts CEO calls sexual misconduct accusations 'preposterous'; stock falls
Elaine Wynn
Earlier in the day  the company appeared to side with its chairman in dismissing the Journalâs article  saying in a statement that the newspaper account âreflected allegationsâ made by his ex-wife  Elaine Wynn  in her litigation against him and the company.
âThe idea that I ever assaulted any woman is preposterous â he said. âThe instigation of these accusations is the continued work of my ex-wife  Elaine Wynn  with whom I am involved in a terrible and nasty lawsuit in which she is seeking a revised divorce settlement.â
 A spokeswoman for Elaine Wynn  75   declined comment  but  her  Washington-based attorney  James Cole  told Reuters the notion that his client fomented the allegations in the Journal article âis just not true.â
The couple first married in 1963 and divorced in 1986. They remarried in 1991 and divorced again in 2010  according to court papers. In an escalating battle that followed their bitter second split  Elaine Wynn sued her former spouse in 2016 seeking to gain control over her 9.4 percent stock in Wynn Resorts.
Earlier in the day  the company appeared to side with its chairman in dismissing the Journalâs article  saying in a statement that the newspaper account âreflected allegationsâ made by his ex-wife  Elaine Wynn  in her litigation against him and the company.
âThe idea that I ever assaulted any woman is preposterous â he said. âThe instigation of these accusations is the continued work of my ex-wife   [TGT] with whom I am involved in a terrible and nasty lawsuit in which  [TGT]  is seeking a revised divorce settlement.â
 A spokeswoman for  [TGT] 75   declined comment  but   [TGT]   Washington-based attorney  James Cole  told Reuters the notion that his client fomented the allegations in the Journal article âis just not true.â
The couple first married in 1963 and divorced in 1986. They remarried in 1991 and divorced again in 2010  according to court papers. In an escalating battle that followed their bitter second split   [TGT]  sued  [TGT]  former spouse in 2016 seeking to gain control over  [TGT]  9.4 percent stock in Wynn Resorts.