Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more ➡
Download
Standard view
Full view
of .
Add note
Save to My Library
Sync to mobile
Look up keyword
Like this
4Activity
×
0 of .
Results for:
No results containing your search query
P. 1
Okada v. Wynn Resorts (Complaint)

Okada v. Wynn Resorts (Complaint)

Ratings: (0)|Views: 1,647|Likes:
Published by Mike Koehler

More info:

Categories:Business/Law
Published by: Mike Koehler on Feb 14, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See More
See less

05/28/2013

pdf

text

original

 
A-12-654522-B
CIVILCOVERSHEET
ClarkCounty,NevadaCaseNo.
-----~-
(AssisnedbyClerk'sOffice)
XI
I.
PartyInformation
Petitioner(s)(name/address/phone):KAZOOOKADA,an
individual
Respondent(s)
(name/address/phone):
WYNNRESORTS,LIMITED,
a
Nevadacorporation
Attorney(name/address/phone):CharlesH.Mcf'rea,Jr.(SBNI04)~Attorney(name/address/phone):LIONELSAVlYER
&
COLLINS,300S.
41h
st,
Ste.1700~Las:Vegas,NV89101;702-383-8888
II.NatureofControversy
(pleasecheckapplicableboldcategoryandapplicablesubcategory,
if
appropriate)
D
ArbitrationRequestedCivilCases
RealPropertyTorts
'.
o
Landlord/Tenant
D
UnlawfulDetainer
D
TitletoProperty
D
Foreclosure
D
Liens
o
QuietTitle
D
SpecificPerformance
o
Condemnation/Eminent
Domain
D
Other
RealProperty
D
Partition
D
Planning/Zoning
Negligence
D
Negligence-Auto
o
Negligence-Medical/Dental
o
ProductLiability
D
ProductLiability/MotorVehicle
D
Other
TortslProduct
Liability
D
Intentional
Misconduct
o
TortsIDefamation(Libel/Slander)
o
InterferewithContractRights
o
EmploymentTorts
(Wrongfultermination)
D
Other
Torts
o
Anti-trust
D
Fraud/Misrepresentation
o
Insurance
D
LegalTort
o
Unfair
Competition
o
Negligence-PremisesLiability
(Slip/F'all)
D
Negligence~Other
ProbateOtherCivilFilingTypes
EstimatedEstateValue;__
,i
D
Summary
Administration
D
GeneralAdministration
o
Special
Administration
D
SetAsideEstates
D
TrustlConservatorships
o
IndividualTrustee
D
Corporate
Trustee
o
Other
Probate
,j
..
-,
--
~
,
c/
D
ConstructionDefect
D
Chapter40
D
General
D
Breach
of
Contract
D
Building
&
Construction
o
InsuranceCarrier
D
CommercialInstrument
D
OtherContracts/Acct/Judgment
D
CollectionofActions
o
EmploymentContract
D
Guarantee
o
SaleContract
D
Uniform
CommercialCode
o
CivilPetitionforJudicialReview
D
ForeclosureMediation
o
OtherAdministrativeLaw
D
DepartmentofMotorVehicles
D
Worker'sCompensationAppeal
D
AppealfromLowerCourt
(alsocheck
applicablecivilcasebox)
D
TransferfromJusticeCourt
D
JusticeCourtCivil
Appeal
D
CivilWrit
D
Other
SpecialProceeding
DOth
erCivilFiling
D
Compromise
of
Minor's
Claim
o
ConversionofProperty
D
DamagetoProperty
D
EmploymentSecurity
D
EnforcementofJudgment
o
ForeignJudgment-Civil
D
Other
PersonalProperty
D
RecoveryofProperty
r:l
Stockholder
Suit
I)(
OtherCivilMatters
I
III.
BusinessCourtRequested
(Pleasecheckapplicable
category;
forClarkorWashoeCountiesonly.)
II
:I
I!l
NRSChapters78-88
D
Commodities(NRS
90)
D
Securities(NRS90)
NevadaAOC-Researchand
Statistics
Umt
o
Investments
(NRS
104
Art.
8)
D
EnhancedCaseMgmtiBusiness
D
Deceptive
TradePractices(NRS
598)
D
OtherBusinessCourtMatters
o
Trademarks(NRS600
Signatureofinitiatingpartyorrepresentative
Seeothersideforfamily~relatedcasefilings.
FormPA201
Rev.2.5E
 
1
0016
PaulR.Hejmanowski(SBN#94)2CharlesH.McCrea,Jr.(SBN#104)LIONELSAWYER
&
COLLINS31700BankofAmericaPlaza300SouthFourthStreet4LasVegas,Nevada89101Telephone:(702)383-88885Facsimile:(702)383-8845
6
7
89GidonM.Caine
(Pro
HacVicePending)
ALSTON
&
BIRDLLP275MiddlefieldRoad,Suite150MenloPark,California94025Telephone:650-838-2000Facsimile:650-838-2001
10AttorneysforPetitionerKAZUOOKADA
,j
;
'I
,I
I,!
.!
"
;
,
'"1
!
.1
1112
13
1415
,
i
,,
-,
1617
1819
20
21
22
23
,
~\
2425
26
27
28
..
,
'
ElectronicallyFiled
01/11/2012
02:33:08PM
CLERKOFTHECOURT
-DISTRICTCOURTCLARKCOUNTY,NEVADAKAZDOOKADA,anindividual,Petitioner,-against-WYNNRESORTS,LIMITED,
a
Nevadacorporation,Respondent.
A-12-654522-B
CASENO.DEPT.NO.
'XI
PETITIONFORAWRITOFMANDAMUS
[ARBITRATIONEXEMPTIONCLAIMED:PETITIONSEEKSINJUNCTIVERELIEF]
[BUSINESSCOURTREQUESTED:NRSCHAPTER78}COMESNOWPetitionerKAZuaOKADA
("Mr.
Okada"),byandthroughhiscounselLIONELSAWYER
&
COLL~SandALSTON
&
BIRDLLP,againstRespondent
Wynn
Resorts,Limited("WynnResorts"orthe"Company"),
and
pursuanttoNev.Rev.Stat.§34.150
etseq.
respectfullypetitionstheCourtforawritofmandamuscompellingRespondenttoproducecertainbooksandrecords.ThisverifiedPetitionismadeandbasedonthefactssetforthbelowandtheAffidavitofCharlesH.McCrea,Jr.andMemorandumofLawfiledherewith:PETITIONFORWRITOFMANDAMUS,Pagelof9
 
12
,!
;
,
I
3
NATUREOFTHEACTION1.Thisactionarisesbecause
Wynn
ResortshasrefusedMr.OkadaaccesstothebooksandrecordsoftheCompany.AsaDirectorofWynnResorts(indeed,onewhoindirectly
'\
4
owns
19.66
percentofthe
Company),Mr.Okadahasan
irrefutable
right
toreviewthe
booksand
5recordsoftheCompany.Yet,despiteseveralwrittendemands,WynnResortsinsistsonkeeping6itsbooksandrecordshiddenfromitsDirector'sscrutiny.ThisactionseeksanorderthatMr.7OkadaandhisattorneysbepermittedtoinspecttheCompany'sbooksandrecords.8
2.
InOctober2000,Mr.OkadacausedAruzeUSA,Inc,("AruzeUSA"),aNevada9companyheindirectlycontrols,toinvest$260millioninthepredecessororganizationto
Wynn
10ResortsinLasVegas,Nevada.113.
In
April
2002,AruzeUSA
invested
afurther$120
million
in
thepredecessor12organizationtoWynnResortsattherequestofStephenA.Wynn,theCompany's
Chairman
and
13
ChiefExecutiveOfficer
("Mr.Wynn"),including$30
millionbecause
Mr.Wynn
said
thatthe
14CompanyneededhelptoadvancetheCompany'sdevelopmentofacasinoprojectintheMacau15SpecialAdministrativeRegionofthePeople'sRepublicofChina.1617
:
4.
AsaDirectoroftheCompany,Mr.OkadahastherightandobligationtobeinformedconcerningtheCompany'sbusinesssothathemayensurethatitisbeingmanaged18properlyforthebenefitofallofitsshareholders.Recentevents,includingtheCompany'sJuly192011pledgeofHK$1billiontotheUniversityofMacauDevelopmentFoundation(towhich
Mr.
20Okadafonna1lyobjected),haveled
Mr.
OkadatoseektoexercisehisrightasaDirectorto21reviewthebooksandrecordsofthe
Company.
Inparticular,onNovember2,
Mr.
Okadasought22informationregarding:(a)theCompany'sHK$lbillion($135million)donationtothe23UniversityofMacau,(b)theuseofthe$30millionAruzeUSAinvested
in
WynnResorts
in24April2002,
and
(c)the2010AmendmenttotheStockholdersAgreementamong
Mr,
Okada,
Mr.
.
-
.
25
26
27
28
Wynn,andElaineWynn(Mr.Wynn'sex-wife).5.Mr.Okada's
request
wasdenied.Not
only
wastherequestsummarilydeniedbut,shockingly,WynnResortsaskedforevidencethatthe$30millioninvestmenthadevenoccurred.AruzeUSAimmediatelyprovidedsuchevidence,andtheCompanythenacknowledgedreceipt
.PETITIONFORWRITOFMANDArvnJS,
Page
2
of9

Activity (4)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Jeff Boyd liked this
Jeff Boyd liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->