Centaur Lender Looks To Block $192M Adversary Suit

Law360, New York (July 26, 2010, 3:16 PM EDT) -- Lender Credit Suisse AG has asked a bankruptcy court to reject a bid by unsecured creditors of casino operator Centaur LLC to pursue $192 million in claims on behalf of the debtor, saying administrative costs would outweigh benefits to creditors.

Credit Suisse, collateral agent and first-lien lender in Centaur's Chapter 11 proceeding, objected Friday in the U.S. Bankruptcy Court for the District of Delaware, saying the court should not grant the committee's request to come after lenders with a 32-count complaint for claims the debtor has...
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