August 17, 2016
Caesars Entertainment said Wednesday it has settled one of the class action lawsuits it's facing in New York over a 2014 transaction that noteholders claim violated the terms of a debt guarantee related to the casino company's bankrupt operating unit.
December 03, 2015
Attorneys representing a proposed class of investors that hold notes from Caesars Entertainment Corp.'s bankrupt operating unit defended on Wednesday in New York federal court its charge that a $155 million refinancing deal violated a federal law meant to protect bondholders, arguing Caesars breached a contract with noteholders.
September 28, 2015
A Caesars Entertainment Operating Co. noteholder told a New York federal judge Monday that class certification is warranted in his suit alleging a $155 million refinancing deal effectively ensured his claim would be wiped out in the casino company's bankruptcy, since all holders of the notes suffered the same injury.
January 16, 2015
The long-awaited bankruptcy of Caesars Entertainment Corp.'s debt-laden operating unit has turned into a feeding frenzy for the nation's top restructuring firms that tees up a rematch of the two that fought to the finish in the city of Detroit's controversial Chapter 9.
January 15, 2015
A New York federal judge on Thursday declined to dismiss lawsuits brought by Caesars Entertainment Operating Co. Inc. noteholders challenging a $155 million refinancing deal they say ensured their debts will be wiped out in bankruptcy, ruling that the transaction was exactly what the Trust Indenture Act was designed to prevent.