Las Vegas-based Wynn Resorts has announced changes to its board as lawsuits against the directors and company founder continue to be filed.
The company on Wednesday announced that a board member resigned Monday and another said he will not run for re-election after his current term expires next year.
Ray Irani and Alvin Shoemaker are named defendants on several lawsuits brought by shareholders as well as current and former company employees.
Groups of shareholders have accused the board of breaching its fiduciary duties by ignoring what their lawsuits described as a longstanding pattern of sexual abuse and harassment by company founder Steve Wynn.
RELATED: Law firm helps with sex misconduct inquiry into Steve Wynn Woman details Wynn lawsuit, claims he forced sex 2 sexual assault complaints against Steve Wynn filed with Metro Police Third shareholders lawsuit filed against Wynn, board of directors Pension fund leader sues Wynn Resorts after sex allegations Attorney breaks down shareholders' lawsuit against Wynn Resorts leaders Two Valley massage therapists file lawsuits against Steve WynnThe company in a securities filing said Irani's Monday resignation was effective immediately.
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