A settlement ended a 15-year breach-of-contract battle on Thursday between Las Vegas Sands Corp. and a Hong Kong businessman who helped the U.S. company open its first casino in the Chinese gambling enclave of Macau.
Richard Suen, his lawyers and attorneys for Sands said the agreement prohibited them from disclosing terms of the settlement.
A judge informed jurors of the settlement and dismissed them ahead of a second day of videotaped testimony from ailing billionaire Sands chief Sheldon Adelson. The trial that started Wednesday had been expected to last until mid-April. Sands attorney Richard Sauber told jurors the sides had reached"an amicable settlement and resolution."They had argued that Suen and his company, Round Square Co., should get almost $347 million for introducing Adelson and Sands executives to key Chinese officials with influence to grant a coveted Macau gambling license.
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