Class Certified In Harrah’s Employee Options Case

Law360, New York (May 4, 2007, 12:00 AM EDT) -- A district court has certified the class in a breach of contract suit filed by employees of Caesars Palace, who allege that the company did not pay them for the full value of their stock options after being acquired by rival casino owner Harrah’s.

A judge in the U.S. District Court for the District of New Jersey issued the order certifying the class on Friday, paving the way for all employees granted stock under a plan created in 1998 by Caesars Palace parent company Park Place...
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