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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. May 10, 2016

    Caesars Lenders Say $11.9B Spat Must Wait For Confirmation

    Creditors of Caesars Entertainment's bankrupt operating unit that hold approximately $11.9 billion in first lien debt told an Illinois bankruptcy judge Monday he has to hold off on settling a dispute with unsecured creditors over the value of its claims until the court is ready to decide whether to approve the debtor's restructuring plan.

  2. May 05, 2016

    Caesars Creditors Challenge Bid For Defense Cost Coverage

    Unsecured creditors of Caesars Entertainment's bankrupt operating unit said Wednesday in Illinois court that the company's request for its insurer to advance defense costs for litigation its fighting related to controversial transactions violates the policy and the debtor's bankruptcy stay.

  3. May 04, 2016

    Caesars Gives Blessing For Creditor Suits To Move Forward

    Caesars Entertainment Operating Co. told an Illinois bankruptcy judge Wednesday that it would not be seeking to extend a stay on a couple of creditor suits in New York because the retirement of the judge assigned to the cases means trials won't start until after the debtor's bankruptcy plan is due.

  4. April 29, 2016

    Law Firm Fee Hikes Under Scrutiny In Caesars Bankruptcy

    The committee scrutinizing the professional fees being charged in the Caesars Entertainment Operating Co. bankruptcy has urged an Illinois judge to take a closer look at rate hikes at Kirkland & Ellis LLP,  Proskauer Rose LLP and other firms involved in the massive Chapter 11 case.

  5. April 26, 2016

    Proposed Caesars Deal Would Allow $502M Noteholder Claim

    Caesars Entertainment's bankrupt operating unit said Tuesday that it has floated a settlement that would allow for a $502 million claim to parties that hold notes issued by the business, as the casino operator looks to resolve an ongoing dispute over corporate debts.

  6. April 07, 2016

    Bankrupt Caesars Casino Co. Objects To Parent's Fee Request

    Bankrupt gambling giant Caesars Entertainment Operating Co. objected Wednesday to its parent company's request for a insurer to advance the costs of defending a Delaware lawsuit against the parent firm, saying it needs to review the policy.

  7. April 05, 2016

    Caesars Wants Nov. Start To Confirmation Trial

    Caesars Entertainment's bankrupt operating unit is eyeing a November start date for a trial over a plan to restructure billions of dollars in debt, saying in court papers filed Monday in Illinois that solidifying a trial schedule may spur negotiations with creditors.

  8. March 31, 2016

    Kirkland, Winston & Strawn Seek $26.8M In Caesars Ch. 11

    Kirkland & Ellis LLP and Winston & Strawn LLP on Wednesday topped the latest round of fee requests in the massive Chapter 11 case in Illinois involving Caesars Entertainment Operating Company Inc.'s bankrupt operating unit, seeking more than $26.8 million combined for the firms' separate roles representing the debtor and a court-appointed examiner.

  9. March 17, 2016

    Paul Weiss Flirted With Malpractice Risk In Caesars

    A ballyhooed investigation finding Paul Weiss Rifkind Wharton & Garrison LLP attorneys missed a conflict of interest while representing Caesars Entertainment and its bankrupt operating unit also reveals the firm was at an increased risk of being sued for malpractice because it never obtained a retention letter, experts say.

  10. March 17, 2016

    Jenner & Block Atty's Affair Bars Advisers From Caesars Case

    A hidden affair between a Jenner & Block LLP attorney and a onetime financial consultant for Caesars' bankrupt operating unit led the company to drop affiliated financial advisers from its payroll Wednesday after a federal judge suggested a conflict existed because the attorney had worked for a Caesars adversary — its own parent company.