Caesars Shouldn’t Be Rewarded For Not Talking: Creditors
Law360, Chicago (August 24, 2016, 7:31 PM EDT) -- Caesars Entertainment creditors pushing to lift the hold on $11 billion in note guarantee litigation against the company’s nondebtor parent painted a picture Wednesday of a company that refuses to discuss a possible out-of-court solution to the parties’ problems, asking an Illinois bankruptcy judge to finally let the creditors have their day in court.
Trilogy Capital Management’s director of research, Barry Kupferberg, testified at a hearing in Chicago that it took him months to set up an in-person meeting with Caesars Entertainment Operating Co., or CEOC, and it’s parent company, Caesars Entertainment Corp., or CEC.
Once the parties finally met in...
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