Noting that Wynn Resorts is scheduled to go to court on April 16 in the suit brought by ex-director Kazuo Okada, who claims that the company wrongfully tendered for his 25M shares in 2012, Morgan Stanley analyst Thomas Allen laid out four potential scenarios he sees as possible. If Wynn prevails, he would expect the stock to increase $4 per share. If Wynn settles for about 50% of what it could owe, or $1.45B, Allen assumes a negative $4 hit to the stock as the liability would likely be somewhat offset by the removal of an overhang, the analyst tells investors. If the judge decides Wynn had the right to redeem Okada's stock, but at a smaller discount, the stock could be down about $6, predicts Allen. If Wynn loses the case, Okada's 24.5M shares should be worth $4.8B now, or a $28 per share hit to Wynn stock, said Allen, who maintains an Equal Weight rating and $193 price target on Wynn shares.