Genting Group to pay $12m to settle lawsuit over Empire Resorts buyout

Genting Group agreed to pay $12 million to settle a class-action lawsuit in the U.S. that said the company pressured shareholders to accept a buyout of Empire Resorts.
Bloomberg Law reports that the case also included former Empire board members and awards $3 million in legal fees. The news comes from court filings made in a Delaware court on Tuesday.

The investors had claimed that the $9.74 a share transaction in 2019 was the result of pressure from the Malaysian operator and its affiliates.

Source: https://agbrief.com/news/malaysia/15/06/2022/genting-group-to-pay-12m-to-settle-lawsuit-over-empire-resorts-buyout/