Affinity Gaming disputes lawsuit filed by shareholder
Affinity Gaming said Wednesday a lawsuit filed by its largest shareholder lacked merit.
In a statement, the Las Vegas-based casino company said it had not received the complaint, but viewed a regulatory filing about the allegations raised by Illinois-based private equity firm Z Capital Partners.
“The company and its board of directors believe that the claims brought by Z Capital are without merit and intend to defend against them vigorously,” Affinity said in statement.
Z Capital Partners filed a lawsuit Tuesday in Clark County District Court, saying changes in the company’s governance have breached fiduciary responsibility.
On Monday, Affinity announced that Z Capital withdrew its nonbinding proposal to acquire all of the outstanding common shares of Affinity Gaming.
Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Follow @howardstutz on Twitter.