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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:

  1. April 09, 2015

    Committee To Scrutinize Fees In Caesars Ch. 11

    The U.S. trustee for Caesars Entertainment Operating Corp.'s highly contentious bankruptcy proceedings asked a judge Wednesday to approve the appointment of a fee committee with an independent member.

  2. April 07, 2015

    Caesars Ch. 11 Examiner Wants Winston & Strawn For Probe

    The court-appointed examiner in charge of investigating Caesars Entertainment Operating Co.'s prebankruptcy dealing with its parent company asked the Illinois judge in charge of the company's bankruptcy proceedings to let him hire Winston & Strawn LLP and Luskin Stern & Eisler LLP.

  3. March 25, 2015

    Ex-Watergate Atty Gets Nod As Caesars Bankruptcy Examiner

    An Illinois federal judge on Wednesday approved former assistant Watergate prosecutor Richard J. Davis to oversee the much-anticipated probe of Caesars Entertainment Operating Co.'s prebankruptcy dealings with its parent company that have led to accusations of corporate looting from junior creditors.

  4. March 23, 2015

    Feds Float Storied Litigator For Caesars Ch. 11 Examiner

    Federal bankruptcy monitors on Monday asked the Illinois judge presiding over Caesars Entertainment Operating Corp.'s contentious bankruptcy to appoint former assistant Watergate prosecutor Richard J. Davis to serve as the examiner charged with investigating the bankrupt gaming company's dealings with its private equity-owned parent.

  5. March 12, 2015

    Caesars Fights To Halt Creditor Suits Against Parent

    Caesars Entertainment Operating Corp. asked a judge Wednesday to block a quartet of creditors from suing its parent company over an alleged corporate looting campaign, saying that the lawsuits will endanger its Chapter 11 reorganization.

  6. March 04, 2015

    Caesars Can't Scratch Noteholder Committee, Judge Rules

    An Illinois bankruptcy judge on Wednesday refused to dissolve a committee of junior bondholders that is spearheading opposition to Caesars Entertainment Operating Co.'s restructuring, paying no heed to the embattled gaming company's claim that the committee is "wasteful and unnecessary."

  7. March 03, 2015

    Caesars Outlines Plan To Cut $10B In Debt

    Caesars Entertainment Operating Corp. has unveiled its proposal for life on the other side of bankruptcy: $10 billion less in debt and a split into two corporate pieces, one of which will lease the company's real estate to the other, according to a statement filed in bankruptcy court Monday.

  8. March 02, 2015

    Kirkland & Ellis Denies Conflicts In Caesars Retention

    Kirkland & Ellis LLP bankruptcy attorneys fought back Monday against a bid to disqualify them from representing Caesars Entertainment Operating Co., denying that the firm owes any loyalty to the private equity shareholders accused of looting the largest U.S. gaming company.

  9. February 26, 2015

    Caesars Juniors Want Kirkland DQ'd Over Sponsor Ties

    Junior creditors pushed Wednesday to disqualify Kirkland & Ellis LLP bankruptcy attorneys from representing Caesars Entertainment Operating Co. over the firm's "extensive" connections with private equity shareholders accused of looting billions from the largest U.S. casino operator.

  10. February 25, 2015

    Caesars 2nd-Tier Lenders Fight To Hold Seat At Ch. 11 Table

    Creditors holding $5.2 billion worth of bankrupt Caesars Entertainment Operating Co.'s $6.5 billion in second-priority debt objected Wednesday to a bid by the casino operator to strip them of a formal seat at the table in the high-profile restructuring, saying the court should respect a U.S. trustee's decision to give them standing.