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BOKF, N.A. v. Caesars Entertainment Corporation
Case Number:
1:15-cv-01561
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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February 26, 2016
Caesars Gets $7B Note Guarantee Suits Paused
An Illinois bankruptcy judge granted a request by Caesars Entertainment on Friday to pause two suits by note trustees against Caesar's bankrupt operating unit, saying that suits seeking to recover on the $7.1 billion in notes could send Caesars into a bankruptcy of its own.
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February 22, 2016
Windy City Case May Blow $7B Caesars Trial In NY Off Track
Manhattan U.S. District Judge Shira A. Scheindlin kept a $7 billion trial set for March 14 on track Monday as two bond trustees seek to force Caesars Entertainment Corp. to make good on a bankrupt subsidiary's notes, but cautioned the proceeding may be subject to a Chicago Chapter 11 stay.
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August 27, 2015
Quick Judgment Eludes Trustees In $7B Caesars Debt Suits
A Manhattan federal judge on Thursday denied summary judgment to trustees BOKF NA and UMB Bank NA in their attempts to force Caesars Entertainment Corp. to make good on $7 billion in Caesars Entertainment Operating Co. notes, finding discovery is needed to find out if the casino concern's private equity owners restructured the bankrupt subsidiary's debt in ways that impaired lenders' rights.
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March 05, 2015
Caesars Bond Trustee Sues To Enforce $750M Guarantee
A bond trustee accused Caesars Entertainment Corp. of illegally repudiating $750 million in junior debt to ease the restructuring of its bankrupt operating unit, filing a lawsuit in New York that strikes at the heart of a carefully constructed $10 billion deleveraging strategy.