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US court reverses decision against Las Vegas Sands
More than two months after the first hearing, the Nevada Supreme Court has overthrown a lower court’s decision to award a Hong Kong businessman USD 58.6 million for allegedly helping Las Vegas Sands Corp. win a gaming license in Macau, ruling that the district court’s errors warranted a new trial, Wall Street Journal has reported.
The Hong Kong businessman Richard Suen sued for compensation, stating that a series of meetings he arranged in Beijing in July 2001 between Sands’ executives and Chinese officials helped the company enter the MSAR market.
Two years ago, following a 29-day trial, a Clark County District Court jury agreed and awarded Suen USD 43.8 million and another USD 14.8 million in interest.
However, in an order filed Wednesday the state’s supreme court reversed the lower court’s earlier decision, ruling that a district judge shouldn’t have admitted a hearsay statement during the trial.
Las Vegas Sands spokesman Ron Reese said, “The company hasn’t yet had an opportunity to thoroughly review the details but obviously we’re pleased with the result,” Wall Street Journal wrote.
“The company will continue to defend its contention that Suen had nothing to do with the license,” Reese said.
At the hearing, the HK businessman’s attorney told the court that the verdict “should have been higher” than USD 43.8 million. Richard Suen tried to prove to the jury that the meetings he had arranged in Beijing influenced the license tender process, but without the hearsay statement, “the jury may have found there was no connection,” the judgement said.
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