Verdict Upheld in Sands (LVS), Suen Case; $31M in Interest Added
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Las Vegas Sands (NYSE: LVS) is up on the session amid an update to its litigation versus Richard Suen.
The AP noted today that a judge in the case upheld a $70 million verdict versus Sands and added $31 million in interest payments. Interest came from a rate of 5.25 percent and as Suen filed the lawsuit back in 2004.
A jury in the case decided earlier in the month that Suen should be compensated for getting Sands an operating license in Macau.
Shares are up about 0.2 percent Wednesday.
The AP noted today that a judge in the case upheld a $70 million verdict versus Sands and added $31 million in interest payments. Interest came from a rate of 5.25 percent and as Suen filed the lawsuit back in 2004.
A jury in the case decided earlier in the month that Suen should be compensated for getting Sands an operating license in Macau.
Shares are up about 0.2 percent Wednesday.
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