BUSINESS

LVS issues new filing against Jacobs

TAGs: sands china, sheldon adelson, Steve Jacobs

Steve JacobsA former-casino executive at Las Vegas Sands has been accused of “looting” confidential documents from the company. LVS and Steve Jacobs have been involved in a very public bout of mud-slinging for some time and the latest accusations against the fired executive relate to 11GB worth of documents.

The latest court filing claims that the data could contain trade secrets, research and confidential development information that could be detrimental to the casino business if released. If it’s anything like the Wiki Leaks cables then we want to see it! LVS asserts that Jacobs acknowledged he has the documents and has now failed to make good of a promise that he would return them to the company.

In the filing, attorneys for the company said, “Las Vegas Sands has no choice but to bring the instant motion seeking a protective order barring Jacobs from producing stolen company documents in this matter and compelling return of sensitive company documents to Las Vegas Sands.”

Jacobs was dismissed from his role as CEO of Sands China in the summer of last year after the custom-made fastening supposed to keep his lips tightly closed in certain situations came loose at a disastrous time. His public disquiet of the company’s Asian expansion plans didn’t sit well with SuperSheldon and it was time to pack his bags. It was after his dismissal that the verbal jousting began with Sands accusing Jacobs of extortion. That came after Jacobs claims over Sands possessing certain items of data on Macau’s high-ranking officials led the Hong Kong regulators to look over Sands China’s financial documents.

The latest hearing has a date of October 18th and doesn’t directly relate to a trial on the entire case that is expected to come to court in June next year.

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