TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Las Vegas Sands Corp (NYSE: LVS) Investor Securities Class Action Lawsuit 05/24/2010

  • If you purchased shares of Las Vegas Sands Corp (NYSE: LVS), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Las Vegas Sands Corp.
Security
NYSE: LVS

Case Name
Las Vegas Sands Shareholder Class Action 05/25/2010
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of Nevada

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to Las Vegas Sands Corp..
Summary

November 7, 2013 - The court granted in part and denied in part the defendants' motions to dismiss.
October 15, 2012 - The defendants filed motions to dismiss.

September 7, 2012 - The lead plaintiff filed a second amended complaint.

July 11, 2012 - The court granted in part and denied in part the defendants' motion for reconsideration.

September 7, 2011 - The defendants filed a motion for reconsideration of the August 24, 2011 order.

August 24, 2011 - The court granted in part and denied in part the defendants' motion to dismiss.

January 10, 2011 - The defendants filed a motion to dismiss.

November 1, 2010 - The lead plaintiff filed an amended complaint on behalf of investors who purchased Las Vegas Sands Corp (NYSE: LVS) common shares between August 2, 2007 and November 6, 2008. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between August 2, 2007 and November 6, 2008.

August 31, 2010 - The lead plaintiff and lead counsel were appointed.

July 26, 2010 - Lead plaintiff motions were filed.

May 24, 2010 - An investor in shares of Las Vegas Sands Corp (NYSE: LVS) filed a lawsuit in the U.S. District Court for the District of Nevada against Las Vegas Sands Corp over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between August 1, 2007 and November 6, 2008.

According to the complaint the plaintiff alleges that The Las Vegas Sands Corp and certain of its officers and executives violated the Securities Exchange Act of 1934 by failing between August 1, 2007 and November 6, 2008, to disclose material adverse facts about its true financial condition, business and prospects. Then on November 6, 2008, Las Vegas Sands Corp's auditor, PricewaterhouseCoopers LLP, expressed doubt about Las Vegas Sands Corp's ability to continue as a going concern, prompting PricewaterhouseCoopers LLP to issue a going concern qualification which alerted shareholders to the true extent of Las Vegas Sands Corp's perilous condition. In response, so the lawsuit, the trading price of Las Vegas Sands Corp common stock (NYSE: LVS) declined nearly 33%. Las Vegas Sands Corp stock (NYSE: LVS) traded on November 04, 2008, at $15.50 per share, and on November 07, 2008, as low as $6.52 per share. Shares of Las Vegas Sands Corp. (NYSE: LVS) traded recently at $21.37 per share, down from its 52weekHigh of $26.57. LVS shares reached over $88 per share in 2008, and traded during 2007 as high as $138.93 per share.

Las Vegas Sands Corp, located in Las Vegas, Nevada, owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino and The Sands Expo and Convention Center in Las Vegas, Nevada, and the Sands Macao, The Venetian Macao Resort Hotel , the Four Seasons Hotel Macao, Cotai Strip and the Plaza Casinoin the Macau Special Administrative Region of the People’s Republic of China. Las Vegas Sands Corp reported in 2007 Total Revenue of $2.95057billion, in 2008 $4.389.95billion, and in 2009 $4.5631billion.