Deals
Caesars Creditors Seek Answers Cloaked by Attorney Privilege
- Company says testimony from co-owner's lawyer is confidential
- Bondholders fight casino giant over $7 billion debt guarantee
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Creditors want a Caesars Entertainment Corp. attorney to explain why the company abandoned a $7 billion debt guarantee at the heart of a court battle that may land the casino giant in bankruptcy.
Noteholders said their unusual request is justified, in part, because a top official for Caesars and its co-owner, Apollo Global Management LLC, waived the right to keep the information secret under the attorney-client privilege.