Big Law’s Moment in Corporate America’s #MeToo Reckoning

Within days of the Wall Street Journal’s late January report that casino mogul Steve Wynn had allegedly engaged in years of sexual misconduct against employees, the board of Wynn Resorts announced it was hiring employment attorneys at O’Melveny & Myers to investigate the allegations.

But according to some shareholders, the investigation came far too late. The Wynn Resorts board of directors was hit Feb. 6 with a shareholder derivative suit in Nevada state court over its failure to investigate the alleged misconduct. The board and the company’s general counsel had known about former chairman and CEO Wynn’s alleged sexual misconduct ...