Thursday, June 25, 2015|1:44 p.m.
. A California judge has ordered gambling establishment magnate Steve Wynn to pay $422,380 in legal costs and costs to the Wall Street hedge fund manager Wynn demanded defamation.
Las week District Judge William H. Orrick decreased the quantity Chanos asked for– $590,699– stating he didn’t offer materials validating exceptionally high hourly-rates for paralegals and the large number of lawyer hours.
A Wynn representative declined to comment.
Orrick dismissed Wynn’s case in March under California’s anti-SLAPP statute that aims to stop lawsuits suppressing complimentary speech. The judge said statements by Chanos about Wynn and Wynn Resorts Ltd. at a UC Berkeley scholastic conference were not defamatory.
Wynn backed a state law this year aimed at weakening Nevada’s anti-SLAPP provisions. Lawmakers passed a watered-down variation maintaining the majority of the exact same securities.