Steve Wynn just lost his slander appeal against Jim Chanos

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March 28, 2017 9:22 PM

The Ninth Circuit upheld a district court ruling that Wynn failed to show a case that Chanos actually committed slander.

Steve Wynn, president and CEO of Wynn Resorts

Billionaire casino magnate Steve Wynn went back for more, but yet again a court slapped down the notion that he was slandered by famed short seller, Jim Chanos.

Wynn appealed a 2015 district court decision to throw out a lawsuit against Chanos accusing the short seller of slander after remarks made in a closed talk.

In a three page decision upholding the dismissal viewed by Business Insider, the Ninth Circuit Court of Appeals maintained that Wynn had failed to make a "plausible" claim of liability on Chanos' part as Chanos was not stating fact, but asserting his opinion.

"Wynn asserts the district court erred when it determined Wynn had not spelled out the case for slander. We disagree," the Court wrote.

The decision also maintained Wynn's liability for Chanos' legal fees.

In case you missed the first go-round, back in 2014 Wynn sued Chanos for slander based on comments Chanos made during a closed talk about the casino industry in Macau.

video of the event here.

Wynn was livid and filed suit against Chanos in September 2014. The matter was dismissed in March 2015.

Billionaires, man. They have problems just like us.

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