Post by Logan on Mar 15, 2016 4:51:36 GMT -6
Nevada Supreme Court throws out damages in judgment against Las Vegas Sands Corp.
The Nevada Supreme Court has overturned the $70 million verdict awarded in 2013 to Hong Kong businessman Richard Suen in his long-running lawsuit against Las Vegas Sands Corp.
The order affirms the judgment in favor of Suen while reversing the jury’s decision on damages.
“We hold that there was insufficient evidence to support the jury’s award of damages, and thus, a new trial on the issue of damages is warranted,” the high court ordered Friday.
A Clark County District Court jury awarded Suen $70 million for his work more than a decade ago in helping Las Vegas Sands enter the fledgling Macau casino market. The Chinese enclave is now the world’s top gambling destination.
Read more: www.reviewjournal.com/business/nevada-supreme-court-throws-out-damages-judgment-against-las-vegas-sands-corp
The Nevada Supreme Court has overturned the $70 million verdict awarded in 2013 to Hong Kong businessman Richard Suen in his long-running lawsuit against Las Vegas Sands Corp.
The order affirms the judgment in favor of Suen while reversing the jury’s decision on damages.
“We hold that there was insufficient evidence to support the jury’s award of damages, and thus, a new trial on the issue of damages is warranted,” the high court ordered Friday.
A Clark County District Court jury awarded Suen $70 million for his work more than a decade ago in helping Las Vegas Sands enter the fledgling Macau casino market. The Chinese enclave is now the world’s top gambling destination.
Read more: www.reviewjournal.com/business/nevada-supreme-court-throws-out-damages-judgment-against-las-vegas-sands-corp