The No. 1 AI Stock of 2024 (Not Nvidia)

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Nevada high court ends casino mogul Steve Wynn's defamation suit against The Associated Press

KEN RITTER
September 05, 2024

LAS VEGAS (AP) -- The Nevada Supreme Court on Thursday ended a defamation lawsuit brought by casino mogul Steve Wynn against The Associated Press in 2018, rejecting Wynn's bid to get a jury to hear his claim that he was defamed by an AP story about accounts to Las Vegas police from two women who alleged he committed sexual misconduct.

The seven-member court upheld a February ruling by a three-judge panel citing state anti-SLAPP law, or "strategic lawsuits against public participation." Nevada is among most states and the District of Columbia with statutes blocking lawsuits that are filed to intimidate or silence critics.

That ruling said anti-SLAPP statutes "were designed to limit precisely the type of claim at issue here, which involves a news organization publishing an article in a good faith effort to inform their readers regarding an issue of clear public interest."

In what the unanimous court said Thursday was an effort to clarify the law, Justice Ron Parraguirre wrote that Wynn, as a public figure, needed to show "clear and convincing evidence to reasonably infer that the publication was made with actual malice."

"The public had an interest in understanding the history of misconduct alleged to have been committed by one of the most recognized figures in Nevada," the opinion said, "and the article directly relates to that interest."

Attorneys who represent Wynn personally and those who handled the case did not respond to email and telephone messages seeking comment about the ruling by the state's highest court.

"The Associated Press is very pleased with the Nevada Supreme Court's decision," Lauren Easton, AP vice president of corporate communications, said in a statement.

Dominic Gentile, a veteran Nevada lawyer well-known for his work in First Amendment law, said the ruling "will make it even more difficult for a public figure to bring an action over expressive conduct."

"In most cases, the standard is 'a preponderance of evidence' that a lawsuit is being brought to stifle speech," he said. "This case has taken that and raised the bar for someone who is a public figure to not get thrown out of court."

Gentile has been an attorney in the state since 1979 and has taught at the University of Nevada, Las Vegas Boyd School of Law. Malice, he said, means "you know it's false or you didn't do enough to determine that it was."

Wynn, now 82 and living in Florida, is the billionaire developer of a luxury casino empire in the U.S. and the Chinese gambling enclave of Macao. He has consistently denied sexual misconduct allegations, which were first reported in January 2018 by the Wall Street Journal.

He resigned as CEO of Wynn Resorts Ltd. after the reports became public, divested company shares and quit the corporate board. Last year, he cut ties to the industry he helped shape in Las Vegas, agreeing with Nevada gambling regulators to pay a $10 million fine, with no admission of wrongdoing.

In a flurry of settlements in 2019, the Nevada Gaming Commission fined Wynn's former company a record $20 million for failing to investigate claims of sexual misconduct made against him before he resigned, and Massachusetts gambling regulators fined the company and a top executive $35.5 million for failing to disclose while applying for a license for a Boston-area resort that there had been sexual misconduct allegations against Wynn.

Wynn Resorts agreed in November 2019 to accept $20 million in damages from Wynn and $21 million more from insurance carriers on behalf of current and former employees of Wynn Resorts to settle shareholder lawsuits accusing company directors of failing to disclose misconduct allegations.

Those agreements also included no admission of wrongdoing.

Wynn filed his defamation lawsuit in April 2018 against AP, one of its reporters and one of the women, Halina Kuta. Kuta filed claims to police that Wynn raped her in the 1970s in Chicago and that she gave birth to their daughter in a gas station restroom.

Neither accuser was identified in the AP report. Their names and other identifying information were blacked out in documents obtained by AP under a public records request. Las Vegas police refused to provide additional details and said too much time had elapsed since Kuta said the events occurred in 1973 or 1974. No charges were ever filed against Wynn.

The AP typically does not publish names of people who say they are victims of sexual assault, but Kuta agreed to be named in later news reports.

Wynn attorneys argued that the article, which cited police documents, failed to fully describe elements of Kuta's account that would have cast doubt on her allegation.

A trial court judge later ruled that Kuta defamed Wynn with her claims, which the judge termed "totally fanciful," and awarded Wynn a nominal $1 in damages.

Continue Reading...

Popular

Harris, Trump Films To Hit Theaters Weeks Before 2024 Election: One Candidate Tried To Block Movie From Release

Movies about Kamala Harris and Donald Trump hit theaters in October. Find out the differences between the movie and why one candidate wants a ban.

Scaramucci Says Melania Trump Would Prefer Kamala Harris To Donald Trump As President

Anthony Scaramucci has claimed that Melania Trump would rather see Kamala Harris win the presidency than her own husband.

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Trump Vs Harris: Who Do Russia, Iran And China Favor In 2024 Election? Intelligence Officials Weigh In

U.S. intelligence officials believe that Russia, Iran and China have preferred candidates in this year's U.S. presidential election. Each of these foreign powers has different views on who would best serve their interests.

Top 2 Energy Stocks That Are Ticking Portfolio Bombs

Two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Bill Ackman And Elon Musk Blast Kamala Harris For Her Social Media Posts During Debate With Trump: 'Even Her Tweets Are Not Her Own'

Recent comments by prominent figures have sparked debate over Vice President Kamala Harris's social media activity and public engagement. Bill Ackman, CEO of Pershing Square Capital Management, raised questions about Harris's involvement in her own X posts during the recent Republican primary debate.

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

A new technology (not AI) is powerful enough to save America $1.7 TRILLION in healthcare costs each year. Trump is rumored to use it personally... And Kamala Harris has threatened to have key patents on it seized. Whoever wins the election - it could cause a massive surge in demand... And send a tiny firm with key patents on this technology soaring. It's currently trading for only $7. But it likely won't stay this cheap for long.

E. Jean Carroll Case: Appeals Court Skeptical of Trump's Bid to Overturn Sexual Abuse Verdict

E. Jean Carroll's case sees an appeals court skeptical of Donald Trump's bid to overturn a $5 million verdict for sexual abuse and defamation.

The 2024 Olympics were a success for Paris but a calamity for some of its businesses

PARIS (AP) — Parisian business owners and hotel managers were promised a summer like no other. Millions of tourists would flood the French capital for the and , generating huge profits for Paris and its region.

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

Will Nvidia Continue To Deliver? Investors Sweat Over Hyped-up Expectations And Potential Blackwell Delay Ahead Of Q2 Report

Chipmaker and artificial intelligence stalwart Nvidia Corp. is all set to announce its quarterly results Wednesday after the market close. Analysts are upbeat about the company scaling lofty goals and reigniting the market momentum, which has toned down a bit in recent sessions.

What Kamala Won't Do if She Wins the Election - Ad

She's promising to bring down housing costs and grocery prices...But the one thing she probably won't do, is make you wealthier. Ex-Wall Street Insider, Adam O'Dell has identified a simple way for any American to grow their wealth going into the 2024 presidential elections.

Australia proposes legal minimum age for children accessing social media

MELBOURNE, Australia (AP) — The Australian government on Tuesday promised to legislate this year to enforce a minimum age for children to access social media, but it has yet to announce how ages will be verified.

NASDAQ Cannabis Titan, Aurora, Could Boost 31% Sales Surge With This New CBD Lozenge Partnership

The cannabis company on Nasdaq has partnered with Vectura Fertin Pharma, to launch a dissolvable tablet that delivers a precise dose of CBD.

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

Ford joins growing list of companies changing diversity policies after conservative pressure

DEARBORN, Mich. (AP) — Ford Motor Co. has joined the ranks of companies that have pulled back on diversity, equity and inclusion policies while facing pressure from conservative groups.

Elon Musk And Trump's Federal Efficiency Plans Slammed By Paul Krugman, Economist Warns About Risks To Medicare, Social Security: 'Government Is An Insurance Company With An Army'

Nobel laureate Paul Krugman has expressed concerns over Republican presidential candidate Donald Trump and Tesla Inc CEO Elon Musk's proposed federal spending cuts. Krugman shared his thoughts on X on Thursday, ahead of the 2024 presidential election.

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

The Dutch government is expanding export restrictions for processor chip machines

THE HAGUE, Netherlands (AP) — The Dutch government is expanding export restrictions on equipment used to make advanced processor chips that can be integrated into weapons systems, a Cabinet minister announced Friday, citing security risks.

A Palestinain TikTok star who shared details of Gaza life under siege is killed by Israeli airstrike

CAIRO (AP) — It was another day of , another day of what 19-year-old Palestinian TikTok star Medo Halimy called his “Tent Life."

This $2 Stock Outshines Historic Gold Rally! - Ad

Gold has soared 25% in the last 6 months, but this young company has more than doubled that return. With a price target nearly double its current value, it's caught the eye of 40+ investment banks and funds. Discover the name of this standout company today and see why it's a potential gold mine for investors.

Apple Reportedly Plans To Switch To OLED For All iPhones Starting 2025, Not Just The Top-Tier Flagships

Apple plans to transition all iPhone models, including the lower-priced iPhone SE, to OLED displays by 2025, phasing out LCDs and excluding Japanese suppliers like Japan Display and Sharp from its handset business.

2024 Oil Boom - Ad

There is a much better way to profit from oil in 2024. It's NOT oil stocks, futures, or anything you've likely heard about. In fact, one man used it build a small $1,000 investment into a $100,000 income stream over fifty years.

Arthur Hayes: 'Plentiful Filthy Fiat Money' Could Stimulate The Economy Ahead Of November Election

Cryptocurrency industry veteran and BitMEX co-founder Arthur Hayes on Wednesday suggested that the Federal Reserve’s upcoming monetary policy decisions could be strategically aligned with the November U.S.

UK says it's suspending some arms exports to Israel over the risk of breaking international law

LONDON (AP) — U.K. Prime Minister Keir Starmer's government said Monday that it's suspending exports of some weapons to Israel because they could be used to break international law — a move with limited military impact intended to increase pressure by Israel's frustrated allies for an end to .

Why We Just Sold Half of Our Stocks - Ad

We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.

WHO and Africa CDC launch a response plan to the mpox outbreak

DAKAR, Senegal (AP) — The Africa Center for Disease Control and Prevention and the World Health Organization launched on Friday a continent-wide response plan to the outbreak of mpox, three weeks after WHO declared outbreaks in 12 African countries a .

This Win Rate Puts Buffett to Shame - Ad

He's got a higher win rate than Warren Buffett, Carl Icahn, and Mark Cuban...but you've likely never heard his name. What's most amazing is that his unshakable strategy is working just as well today as it did during our long bull market. Even the Covid crash didn't shake it! He's been on a wild 6-year win streak ( with no signs of slowing down) How does he do it?

Nvidia And Bitcoin: Overpriced Or Underpriced - Do Fundamentals Justify Their Trillions Of Dollars Worth Of Market Caps?

Cryptocurrencies and stocks are considered risky investments, and traders frequently employ metrics to determine how justified their market value could be. Assessing Nvidia’s Valuation One very popular valuation metric is the price-to-earnings ratio, or simply the P/E ratio. 

Japan Leads Asia Markets Decline, Europe Slides; Crude Oil Falls below $70 - Global Markets Today While US Slept

US stocks close lower on weak manufacturing data and Fed rate cut uncertainty. Asian markets follow with major declines. Commodities and futures down.

President Trump and Elon Musk Issue Stark Warning - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Southwest shakes up board after coming under pressure from big shareholder

Southwest Airlines will revamp its board and its chairman will retire next year, but it intends to keep CEO Robert Jordan after a meeting with hedge fund Elliott Investment Management, which has sought a leadership shakeup at the airline including Jordan’s ouster.

The Most Powerful Market Strategy You've NEVER Heard Of? - Ad

He's got a higher win rate than Warren Buffett, Carl Icahn, and Mark Cuban...but you've likely never heard his name. What's most amazing is that his unshakable strategy is working just as well today as it did during our long bull market. Even the Covid crash didn't shake it! He's been on a wild 6-year win streak (with no signs of slowing down) How does he do it?

Harris campaign releases new ad to highlight plans to build 3 million homes, reduce inflation

WASHINGTON (AP) — Vice President has a new advertising push to draw attention to her plan to build 3 million new homes over four years, a move designed to contain that also draws a sharp contrast to Republican .

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service