Bloomberg Law
July 27, 2015, 12:40 PM UTC

Caesars Examiner Center Stage as Bond Suits Threaten Bankruptcy

Carla Main

The judge who handed a stinging defeat to Caesars Entertainment Operating Co. last week, with a ruling that the company must face creditor lawsuits, also may have solidified the importance of an examiner he appointed in March to the $20 billion bankruptcy case.

U.S. Bankruptcy Judge A. Benjamin Goldgar in Chicago appointed Richard Davis, a former Watergate prosecutor, to examine transactions and disputes at the heart of his July 22 ruling that allows creditors to pursue four suits filed against Caesars’ parent.

Davis will study their claims to see whether they’re warranted and report what he finds to Goldgar. The ...

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