Sands China Reaches Confidential Settlement in Lawsuit Filed by Steven C. Jacobs
May 31 2016 - 9:21PM
Dow Jones News
By Anjie Zheng
HONG KONG--Sands China Ltd. (1928.HK) has reached a confidential
settlement with Steven C. Jacobs whereby the former chief executive
officer and president has dismissed all claims, the casino operator
said in a statement before trading hours Wednesday.
Mr. Jacobs had filed a wrongful termination lawsuit in Nevada in
October 2010 after being fired from the job as CEO.
Sands China said that on or around May 31, Mr. Jacobs dismissed
all claims in Nevada against the company's controlling shareholder,
Las Vegas Sands Corp. (LVS), their unit Venetian Macau Ltd, and
Sands Chairman Sheldon Adelson.
Write to Anjie Zheng at anjie.zheng@wsj.com
(END) Dow Jones Newswires
May 31, 2016 21:06 ET (01:06 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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