Paul Weiss Missed Caesars Conflict, Examiner Says

Law360, New York (March 16, 2016, 12:27 PM EDT) -- Paul Weiss Rifkind Wharton & Garrison LLP's dual representation of Caesars Entertainment's operating unit and its private equity owner Apollo Global Management LLC created a conflict of interest while the firm worked on a series of controversial transactions involving the casino operator, a bankruptcy examiner said Tuesday.

The findings regarding Paul Weiss' representation were included in a major report prepared by former Watergate prosecutor and Weil Gotshal & Manges LLP partner Richard Davis in his capacity as Chapter 11 examiner for bankrupt Caesars Entertainment Operating Co. Davis was tasked with investigating potential claims CEOC creditors may have against its parent Caesars...

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