Las Vegas Sands faces third shareholder lawsuit

Las Vegas Sun, 19 Feb 2009, Steve Green

A third lawsuit has been filed on behalf of Las Vegas Sands Corp. shareholders against members of the company's board of directors.

Shareholder Frank Fosbre Jr. sued Sands Chairman and Chief Executive Sheldon Adelson and the other directors in Clark County District Court Feb. 6. The suit levels allegations of mismanagement and violation of fiduciary duty, similar to claims asserted in earlier suits filed in November and January in the same court.

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