Caesars Entertainment Operating Company, Inc.

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Case overview

Case Number:

1:15-bk-01145

Court:

Illinois Northern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

May 27, 2015
Caesars Can Keep Kirkland And Exclusivity In Ch. 11

A bankruptcy judge on Wednesday extended Caesars Entertainment Operating Co.'s exclusive window to propose a reorganization plan and rejected a creditor bid to unseat Kirkland & Ellis LLP as its counsel, keeping the embattled casino giant squarely in the driver's seat of its Chapter 11 case.
May 26, 2015
Stockton U Says Showboat Buy Was A Raw Deal

New Jersey's Stockton University on Tuesday announced a $22 million proof of claim filed in the Chapter 11 case of Caesars Entertainment Operating Co. over the university's purchase of the now-defunct Showboat Atlantic City casino property, saying an unresolved land use-restricting pact spiked its plans for a new branch.
May 18, 2015
Caesars Creditors Appeal Involuntary-Petition Blow

Unsecured creditors of Caesars Entertainment Operating Co. are appealing a bankruptcy judge's decision not to force the company to accept their involuntary Chapter 11 petition, which is currently competing with the company's own after the two were filed days apart in January.
May 14, 2015
Caesars' Creditors Demand Probe Of $31B Buyout

Unsecured creditors of Caesars Entertainment Operating Co. on Wednesday urged an Illinois bankruptcy judge to allow them to investigate accusations of wrongdoing and insider trading surrounding Apollo Global Management LLC and TPG Capital's $31 billion leveraged buyout of the casino operator in 2008.
May 13, 2015
Caesars Execs Expect Payments On $81M In Debt

Former and current executives of Caesars Entertainment will again see payments on $81 million owed to them in deferred compensation after the casino operator learned of a potential suit by federal prosecutors, according to a Tuesday evening news report.
April 28, 2015
Caesars, Blatstein Settle Atlantic City Mall Lease Row

An Illinois bankruptcy judge on Monday approved a $3.8 million settlement between Caesars Atlantic City and prominent Philadelphia developer Bart Blatstein in their dispute over control of the ground lease at The Pier Shops at Caesars in Atlantic City.
April 24, 2015
Caesars Juniors Press Bankruptcy Judge To DQ Kirkland

Junior bondholders made their final push on Friday to disqualify Kirkland & Ellis LLP as bankruptcy counsel for Caesars Entertainment Operating Co. over the firm's alleged deep ties to the gaming company's private equity sponsors, arguing Kirkland's bias has been on display from the moment it took the case.
April 23, 2015
Kirkland Fights To Remain At Helm Of Caesars Bankruptcy

Kirkland & Ellis LLP on Thursday squared off in court with junior creditors aiming to unseat the firm as bankruptcy counsel for Caesars Entertainment Operating Co., with one of its top attorneys denying any allegiance to private equity sponsors accused of looting the casino giant.
April 17, 2015
Caesars Noteholders Seek Kirkland & Ellis Docs In DQ Row

Junior creditors in Caesars Entertainment Operating Co. Inc.'s bankruptcy proceedings on Friday urged an Illinois bankruptcy judge to force Kirkland & Ellis LLP to turn over documents they contend may show a conflict, the latest development in their bid to disqualify the firm from representing the company.
April 16, 2015
Caesars Ch. 11 Examiner Gets Winston & Strawn For Probe

A bankruptcy judge has appointed Winston & Strawn LLP to lead an investigation into transactions that Caesars Entertainment Operating Co. Inc. stakeholders say swept significant value out of the company before it officially went bankrupt.

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