{"id":397596,"date":"2020-12-10T11:33:12","date_gmt":"2020-12-10T16:33:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397596"},"modified":"2020-12-10T11:33:12","modified_gmt":"2020-12-10T16:33:12","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-4\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Las Vegas Sands Corp. (LVS)"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">LOS ANGELES<\/span>, <span class=\"xn-chron\">Dec. 10, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3008678-1&amp;h=429157421&amp;u=http%3A%2F%2Fwww.glancylaw.com%2F&amp;a=Glancy+Prongay+%26+Murray+LLP\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Glancy Prongay<\/span> &amp; Murray LLP<\/a> (&#8220;GPM&#8221;) reminds investors of the upcoming\u00a0<b><span class=\"xn-chron\">December 21, 2020<\/span><\/b>\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased\u00a0Las Vegas Sands Corp. (&#8220;Las Vegas Sands &#8221; or the &#8220;Company&#8221;) (NYSE: LVS) securities between\u00a0<b>February\u00a027, 2016 and <span class=\"xn-chron\">September 15, 2020<\/span><\/b>, inclusive (the &#8220;Class Period&#8221;).\u00a0\u00a0 <\/p>\n<p>If you suffered a loss on your Las Vegas Sands investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3008678-1&amp;h=90820922&amp;u=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Flas-vegas-sands-corp%2F&amp;a=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Flas-vegas-sands-corp%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.glancylaw.com\/cases\/las-vegas-sands-corp\/<\/a>. You can also contact <span class=\"xn-person\">Charles H. Linehan<\/span>, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a target=\"_blank\" href=\"mailto:shareholders@glancylaw.com\" rel=\"nofollow noopener noreferrer\">shareholders@glancylaw.com<\/a>\u00a0to learn more about your rights.<\/p>\n<p>On <span class=\"xn-chron\">July 19, 2020<\/span>, <i>Bloomberg <\/i>reported that Las Vegas Sands had settled a lawsuit brought by a former patron for <span class=\"xn-money\">$6.5 million<\/span>. The lawsuit against the Company&#8217;s casino in <span class=\"xn-location\">Singapore<\/span>, <span class=\"xn-person\">Marina Bay Sands<\/span>, alleged that the casino transferred funds from his casino deposit accounts without his approval, which triggered a probe by local authorities. The article reported that the U.S. Department of Justice &#8220;is also scrutinizing whether anti-money laundering procedures had been breached in the way the <span class=\"xn-location\">Singapore<\/span> casino handles high rollers.&#8221;<\/p>\n<p>On this news, the Company&#8217;s stock price fell <span class=\"xn-money\">$1.41<\/span>, or approximately 3%, to close at <span class=\"xn-money\">$47.28<\/span> per share on <span class=\"xn-chron\">July 20, 2020<\/span>, thereby injuring investors. <\/p>\n<p>Then, on <span class=\"xn-chron\">September 16, 2020<\/span>, <i>Bloomberg<\/i> reported that <span class=\"xn-person\">Marina Bay Sands<\/span> &#8220;has hired a law firm to conduct a new investigation into employee transfers of more than <span class=\"xn-money\">$1 billion<\/span> in gamblers&#8217; money to third parties.&#8221; The article also stated that <span class=\"xn-location\">Singapore&#8217;s<\/span> Casino Regulatory Authority had identified &#8220;weaknesses in [Marina Bay Sands&#8217;] casino control measures pertaining to fund transfers.&#8221;<\/p>\n<p>On this news, the Company&#8217;s stock price fell <span class=\"xn-money\">$2.18<\/span> per share, or 4%, to close at <span class=\"xn-money\">$49.67<\/span> per share on <span class=\"xn-chron\">September 16, 2020<\/span>, thereby injuring investors further.<\/p>\n<p>The complaint filed\u00a0in this class action\u00a0alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company&#8217;s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:\u202f(1) that weaknesses existed in Marina Bay Sands&#8217; casino control measures pertaining to fund transfers; (2) that the Marina Bay Sands&#8217; casino was consequently prone to illicit fund transfers that implicated, among other issues, the transfer of customer funds to unauthorized persons and potential breaches in the Company&#8217;s anti-money laundering procedures; (3) that the foregoing foreseeably increased the risk of litigation against the Company, as well as investigation and increased oversight by regulatory authorities; (4) that Las Vegas Sands had inadequate disclosure controls and procedures; (5) that, consequently, all the foregoing issues were untimely disclosed; and (6) that, as a result, the Company&#8217;s public statements were materially false and misleading at all relevant times.\u00a0<\/p>\n<p>If you\u00a0purchased or otherwise acquired\u00a0Las Vegas Sands\u00a0securities\u00a0during the Class Period,\u00a0you may move the Court no later than\u202f<b><span class=\"xn-chron\">December 21<\/span>, 2020\u00a0<\/b>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u202flearn more\u202fabout this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact <span class=\"xn-person\">Charles Linehan, Esquire<\/span>, of GPM, 1925 Century Park East, Suite 2100, <span class=\"xn-location\">Los Angeles, California<\/span> 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to\u00a0<a target=\"_blank\" href=\"mailto:shareholders@glancylaw.com\" rel=\"nofollow noopener noreferrer\">shareholders@glancylaw.com<\/a>, or visit our website at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3008678-1&amp;h=711127183&amp;u=http%3A%2F%2Fwww.glancylaw.com%2F&amp;a=www.glancylaw.com\" rel=\"nofollow noopener noreferrer\">www.glancylaw.com<\/a>.\u00a0 If you inquire by email please include your mailing address, telephone number and number of shares purchased.\u00a0\u00a0<\/p>\n<p>Follow us for updates on <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3008678-1&amp;h=3644411576&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglancy-prongay-murray-llp&amp;a=LinkedIn\" rel=\"nofollow noopener noreferrer\">LinkedIn<\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3008678-1&amp;h=3001319405&amp;u=https%3A%2F%2Ftwitter.com%2FGPM_llp&amp;a=Twitter\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>, or <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3008678-1&amp;h=1346286468&amp;u=https%3A%2F%2Fwww.facebook.com%2FGlancyLawFirm%2F&amp;a=Facebook\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA19600&amp;sd=2020-12-10\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/glancy-prongay--murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-301190625.html\">http:\/\/www.prnewswire.com\/news-releases\/glancy-prongay&#8211;murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-301190625.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Glancy Prongay<\/span> &amp; Murray LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA19600&amp;Transmission_Id=202012101130PR_NEWS_USPR_____LA19600&amp;DateId=20201210\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire LOS ANGELES, Dec. 10, 2020 \/PRNewswire\/ &#8212;\u00a0Glancy Prongay &amp; Murray LLP (&#8220;GPM&#8221;) reminds investors of the upcoming\u00a0December 21, 2020\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased\u00a0Las Vegas Sands Corp. (&#8220;Las Vegas Sands &#8221; or the &#8220;Company&#8221;) (NYSE: LVS) securities between\u00a0February\u00a027, 2016 and September 15, 2020, inclusive (the &#8220;Class Period&#8221;).\u00a0\u00a0 If you suffered a loss on your Las Vegas Sands investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/las-vegas-sands-corp\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com\u00a0to learn more about &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Las Vegas Sands Corp. (LVS)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397596","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Las Vegas Sands Corp. (LVS) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Las Vegas Sands Corp. 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Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com\u00a0to learn more about &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Las Vegas Sands Corp. 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(LVS) - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-4\/","og_locale":"en_US","og_type":"article","og_title":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Las Vegas Sands Corp. (LVS) - Market Newsdesk","og_description":"PR Newswire LOS ANGELES, Dec. 10, 2020 \/PRNewswire\/ &#8212;\u00a0Glancy Prongay &amp; Murray LLP (&#8220;GPM&#8221;) reminds investors of the upcoming\u00a0December 21, 2020\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased\u00a0Las Vegas Sands Corp. (&#8220;Las Vegas Sands &#8221; or the &#8220;Company&#8221;) (NYSE: LVS) securities between\u00a0February\u00a027, 2016 and September 15, 2020, inclusive (the &#8220;Class Period&#8221;).\u00a0\u00a0 If you suffered a loss on your Las Vegas Sands investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/las-vegas-sands-corp\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com\u00a0to learn more about &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Las Vegas Sands Corp. (LVS)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-4\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-10T16:33:12+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA19600&amp;sd=2020-12-10","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-las-vegas-sands-corp-lvs-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Las Vegas Sands Corp. 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