Las Vegas Sands Stock Mired In Controversy - Craps Online
Nevada Desert A controversy has began this week involving Las Vegas Sands stock. It seems that some investors thought they were paying for shares of actual sand in the Las Vegas desert when they purchased the stock.
A group of over 600,000 Las Vegas Sands investors have filed a class action suit against the company for what they claim to be misrepresentation of the popular stock. The spokesman for the group, Attorney John Davis, claims his clients were misled.
"Being that Nevada has so much sand on their deserts, my clients thought they were investing in that sand," wrote Davis, in the lawsuit, "I mean, who would have thought that Las Vegas Sands was a casino company? Some of my clients have never even been in a casino."
Whether that is true or not, Davis will have a hard time convincing the judge in the case, the honorable Ilike Tobet from Nevada, that his clients were misled. There is considerable evidence that points to Las Vegas Sands directly referring to themselves as a gaming company.
Lawyers for Sands admit that their client did name the company after the beautiful desert in Nevada where original owners of the company used to bury their problems. The lawyer does not expect the lawsuit to drag on much more than two months.
One Sands official acknowledged off the record that if the lawsuit did gain momentum, then the company might resort back to the tactics that were used back in the old days to deal with problems.
"If these people thought they were buying stock in sand, and they like sand so much," said the official, "Then maybe we should bring them to the desert and show them firsthand what they thought they were investing in."
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