Former Attorney General of Louisiana, Charles C Foti Jr Esq, a partner at the law firm of Kahn Swick & Foti LLC, has announced that the company has commenced an investigation into Las Vegas Sands Corp.

On September 16, 2020, Bloomberg reported that the company has retained a law firm to investigate employee transfers of more than $1bn in gambling patron funds to third parties at its Marina Bay Sands casino, according to unnamed sources.  

The move follows probes of the casino by the US Department of Justice and Singapore authorities as well as a lawsuit by a patron alleging the unauthorized transfer of S$9.1m of his money to other gamblers, which the company settled out of court in June agreeing to full reimbursement with a “non-admission” of liability.

KSF’s investigation is focusing on whether Las Vegas Sands’ officers and/or directors breached their fiduciary duties to the company’s shareholders or otherwise violated state or federal laws. 

In a statement, the company asked for further information that might be relevant to the investigation. It said: “If you have information that would assist KSF in its investigation, or have been a long-term holder of Las Vegas Sands shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]).”