August 13, 2015
A lawsuit from junior bondholders accusing Caesars Entertainment Operating Co.'s nondebtor parent of trying to buy votes for the casino company's reorganization plan hit a roadblock on Thursday, with a bankruptcy judge refusing to set an immediate trial and saying the claims could wait until the plan goes up for court approval.
August 11, 2015
A group of second-lien bondholders launched an adversary action Monday accusing Caesars Entertainment Operating Corp.'s non-debtor parent of trying to buy votes for the debtor's reorganization plan, alleging the casino company pledged $200 million in improper consideration to shore up support.
August 05, 2015
Opposing parties in Caesars Entertainment Operating Co.'s bankruptcy proceedings told a federal judge Wednesday that they have come to an agreement that will allow former assistant Watergate prosecutor Richard J. Davis to investigate the $30 billion buyout of its parent company by Apollo Global Management and TPG Capital.
July 29, 2015
Caesars Entertainment Operating Co. on Wednesday was denied permission to appeal directly to the Seventh Circuit a bankruptcy court decision that left the casino giant's parent company vulnerable to creditor lawsuits seeking billions of dollars.
July 22, 2015
An Illinois bankruptcy judge on Wednesday refused to halt creditor lawsuits seeking billions of dollars from Caesars Entertainment Operating Co.'s parent company, despite the casino operator's warning that the litigation could undermine its reorganization by plunging the parent into bankruptcy as well.
July 21, 2015
Caesars Entertainment Operating Co. on Monday urged an Illinois bankruptcy court not to make the $30 billion leveraged buyout of its parent company off-limits to an investigator in its bankruptcy, saying negotiations could be undermined if the investigator does not examine all potential claims related to the LBO.
July 21, 2015
Private equity-backed Caesars Entertainment Corp. and its bankrupt Caesars Entertainment Operating Co. unit on Monday said they have reached an agreement with a group of second-lien bondholders who sought a portion of lawsuit proceeds that the casino giant promised to its more senior creditors.
July 09, 2015
The $30 billion leveraged buyout of Caesars Entertainment Corp. by Apollo Global Management and TPG Capital should be off-limits to an investigator in Caesars Entertainment Operating Co.'s bankruptcy, a group of unsecured creditors insisted Thursday.
June 22, 2015
A bankruptcy judge on Monday pushed back until October the highly anticipated trial over when, exactly, Caesars Entertainment Operating Co. Inc. entered Chapter 11 and whether junior creditors can salvage a potential lawsuit they say could net the casino giant $468 million.
June 03, 2015
Caesars Entertainment Operating Co. on Wednesday began a push in bankruptcy court to shield its parent company from creditor lawsuits seeking billions of dollars, warning that the litigation could undermine the casino giant's reorganization by plunging the parent into bankruptcy as well.