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Expert Analysis

Caesars Bankruptcy Highlights Cost Of Conflict

Law360, New York (May 11, 2016, 11:15 AM EDT) -- On March 15, 2016, Richard Davis, the court-appointed examiner in the Caesars Entertainment Operating Co. Inc. (CEOC) bankruptcy case, issued his long-awaited report concerning whether certain prepetition transactions involving CEOC, its parent company and affiliates and the sponsors of its leveraged buyout gave rise to claims that could be brought against those entities on behalf of CEOC's creditors. Davis answered that question in the affirmative and stated his belief that the value of those claims considered by him to be "reasonable or strong" ranged from $3.6 billion to $5.1 billion....

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