Top Caesars Creditors Allege 'Brazen' Asset-Stripping
November 26, 2014Source: Law360A bondholder trustee filed a lawsuit against Caesars Entertainment Corp. on Tuesday calling for the appointment of a receiver to unwind the “unimaginably brazen corporate...
View ArticleCaesars Skips $225M Payment As Workout Talks Continue
December 16, 2014Source: Law360Caesars Entertainment Corp. elected Monday not to make a scheduled $225 million interest payment to junior bondholders, putting a clock on the overleveraged casino...
View ArticleChancery Fast-Tracks Suit Seeking Receiver For Caesars Unit
December 18, 2014Source: Law360A Delaware Chancery judge agreed Wednesday to fast-track a lawsuit lodged by senior creditors of a Caesars Entertainment Corp. subsidiary seeking to have a receiver...
View ArticleCaesars Ch. 11 Kicks Off $10B Restructuring Fight
January 15, 2015Source: Law360Caesars Entertainment Corp. on Thursday placed a troubled operating unit into bankruptcy in Illinois with plans to extinguish $10 billion in debt and take on creditors...
View ArticleTop Restructuring Firms Face Off In $10B Caesars Battle
January 20, 2015Source: Law360The long-awaited bankruptcy of Caesars Entertainment Corp.’s debt-laden operating unit has turned into a feeding frenzy for the nation’s top restructuring firms that tees...
View ArticleMajor Caesars Lenders Sue To Block Restructuring Plan
January 26, 2015Source: Law360An informal committee of senior bank lenders holding more than half of the $5.4 billion in bank debt owed by Caesars Entertainment Corp.'s operating unit launched an...
View ArticleCaesars Lures Wal-Mart Pro For Anti-Money Laundering Role
February 4, 2015Source: Law360Casino operator Caesars Entertainment Corp. has created a new anti-money laundering position in the wake of federal inquiries into its practices, hiring away a top...
View ArticleCaesars Can't Scratch Noteholder Committee, Judge Rules
March 5, 2015Source: Law360An Illinois bankruptcy judge on Wednesday refused to dissolve a committee of junior bondholders that is spearheading opposition to Caesars Entertainment Operating Co.’s...
View ArticleFeds Float Storied Litigator For Caesars Ch. 11 Examiner
March 24, 2015Source: Law360Federal bankruptcy monitors on Monday asked the Illinois judge presiding over Caesars Entertainment Operating Corp.'s contentious bankruptcy to appoint former assistant...
View ArticleBankruptcy Talks Collapse Between Caesars, Bank Lenders
April 21, 2015Source: Law360There will be no restructuring deal between Caesars Entertainment Operation Co. Inc. and its mission-critical bank lenders, the company said in a filing Monday, after a key...
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