Caesars Loses Bid for Quick Appeal to Halt Bondholder Suits
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Caesars Entertainment Operating Co. was denied permission to pursue a quicker-than-normal appeal of a ruling that allows bondholder lawsuits against its parent to proceed while the operating unit reorganizes in bankruptcy.
The casino giant is racing to overturn the July 22 ruling, in which a judge declined to protect Las Vegas-based Caesars Entertainment Corp. from four lawsuits that the company has said might push it into bankruptcy alongside its main operating subsidiary.