Law360, New York (February 6, 2015, 8:36 PM EST) -- Investors who bet on an early default by Caesars Entertainment Operating Co. should find out from a referee panel on Monday if they can collect on some $1.7 billion worth of debt insurance contracts in a dispute that has fanned worries about swap investors manipulating debt restructurings.
An external review panel is expected to rule on whether CEOC triggered outstanding credit default swap contracts by failing to deliver a coupon payment to junior bondholders, a question the 15 members of the International Swaps and Derivatives Association's determinations committee were unable to decide.
The prevalence of CDS contracts on distressed companies concerns...
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