NEW ORLEANS, Aug. 4, 2017 /PRNewswire/ –Â Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner during a law organisation of Kahn Swick Foti, LLC (“KSF”), announces that KSF has commenced an review into Red Rock Resorts, Inc. (NasdaqGS: RRR).Â Â
On May 1, 2017, Red Rock Resorts disclosed that “[o]n April 27, 2017, a Company purchased entities that possess a land theme to a Boulder land franchise and a Texas land franchise from a Related Lessor for sum care of $120 million.”Â The dual belligerent leases are reported to cover 27 acres of land underneath Boulder Station and 47 acres of land underneath Texas Station with a sum annual franchise remuneration of approximately $7.1 million, definition a association paid about 17 times annual lease to cancel a dual leases and squeeze a 74 acres of land.Â At present, it is misleading how a squeeze was financed, either an eccentric estimation was achieved to establish a satisfactory marketplace cost or either a transaction was authorized by a Audit Committee of a Company’s Board of Directors.
KSF’s review is focusing on either Red Rock Resorts’ officers and/or directors breached their fiduciary duties to a Company’s shareholders or differently disregarded state or sovereign laws.Â
If we have information that would support KSF in a investigation, or have been a long-time hilt of Red Rock Resorts shares, and would like to plead your authorised rights, we may, but requirement or cost to you, call toll-free during 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ( rel=”nofollow”email@example.com).
About Kahn Swick Foti, LLC
KSF, whose partners embody a Former Louisiana Attorney General Charles C. Foti, Jr., is a law organisation focused on securities, antitrust and consumer category actions, along with partnership merger and crack of fiduciary lawsuit opposite publicly traded companies on interest of shareholders. The organisation has offices in New York, California and Louisiana.
To learn some-more about KSF, we might revisit www.ksfcounsel.com.
Kahn Swick Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick Foti, LLC