Caesars Shielded From Billion-Dollar Bond Suits Until Oct. 5
- Bankrupt unit seeking to permanently end cases against parent
- Casino giant says litigation could put it in Chapter 11, too
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Casino giant Caesars Entertainment Corp. has until at least Oct. 5 before it may have to face lawsuits that could force the company into bankruptcy alongside its operating unit.
A Chicago federal judge on Tuesday agreed to halt the lawsuits while the operating unit appeals a lower-court ruling that favored bondholders seeking to enforce more than $11 billion in claims.