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Mealeys

MLex

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. August 10, 2016

    Caesars Sues Parent Company Over Pre-Bankruptcy Transfers

    In an effort to appease a restless creditor group, Caesars' bankrupt operating unit on Tuesday filed a complaint against its parent company and the private equity sponsors that bought the empire in 2008, arguing that stripping the subsidiary of its most valuable properties prior to the bankruptcy constituted fraud.

  2. August 01, 2016

    Caesars Creditors Told To Take Apollo Spat Elsewhere

    An Illinois federal judge said Monday that it wasn't within his power to sanction private equity firm Apollo for missing two deposition deadlines in the Caesars bankruptcy case, telling the creditors committee that requested the punishment that it should seek remedy in New York City, instead.

  3. July 28, 2016

    Apollo Calls Out Caesars Creditors For Wasting Time

    Apollo Global Management LLC on Thursday fired back at Caesars Entertainment Corp. creditors calling for sanctions against the private equity firm for missing deposition deadlines, telling an Illinois bankruptcy judge that the depositions will take place and that the motion for sanctions was a "colossal" waste of time.

  4. July 27, 2016

    Caesars Creditors Want Apollo Punished For Blown Deadlines

    A noteholders committee seeking the right to sue Caesars Entertainment Corp. on behalf of its insolvent operating unit on Tuesday moved to sanction Caesars' owner, Apollo Global Management LLC, for failing to produce two of its top partners for agreed-upon depositions.

  5. July 20, 2016

    Kirkland DQ Dispute Could See Jones Day Sanctioned

    An Illinois bankruptcy judge warned Jones Day on Wednesday that it was walking a fine line by trying to boot Kirkland & Ellis LLP as lead counsel for Caesars' underwater operating unit, threatening to impose sanctions in the likely event that Jones Day can't prove its adversary committed any wrongdoing.

  6. July 14, 2016

    CEOC Noteholders Fight Bid to Wipe Out $1.85B In Claims

    Noteholders in Caesars Entertainment Corp.'s bankrupt operating unit urged an Illinois bankruptcy judge Wednesday to deny the company's bid to wipe out $1.85 billion in claims, saying the amount does not classify as unmatured interest.

  7. July 11, 2016

    Caesars Alters Merger Deal Critical To Bankruptcy Plan

    Caesars Entertainment Corp. told investors Monday it is has inked an amended merger agreement with a previously spun-off subsidiary, a deal that will help prop up CEC's bankrupt operating unit by ensuring the parent has the funds to provide the unit a $4 billion payment.

  8. July 07, 2016

    Caesars Says No Need For Kirkland Atty Depo In DQ Row

    The bankrupt operating unit of Caesars Entertainment Corp. on Wednesday urged an Illinois court to reject a noteholder committee's push to depose one of the company's Kirkland & Ellis LLP attorneys over claims that the firm should be disqualified, arguing the move would be "drastic" and is unnecessary.

  9. June 30, 2016

    Caesars Seeks To Pay Down $300M In Ch. 11 Bank Claims

    Caesars Entertainment Operating Co. Inc. asked for permission from an Illinois bankruptcy judge Thursday to pay $300 million to bank lenders that provided four prepetition term loans totaling $5.35 billion.

  10. June 22, 2016

    Caesars Ch. 11 Plan Gets January Confirmation Hearing

    An Illinois bankruptcy judge on Wednesday approved the outline for Caesars' Chapter 11 reorganization plan but told the indebted casino operator it would have to wait until January to see if the plan wins confirmation.