Caesars Entertainment (CZR) Announces Extension of Court Injunction
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Caesars wins lawsuit shield to pursue 'uphill' appeal
August 30, 2016 2:15 PM EDTBy Tracy Rucinski
CHICAGO (Reuters) - A federal judge on Tuesday gave Caesars Entertainment Corp (NASDAQ: CZR) a five-week shield from $13 billion in lawsuits, capping a week of frantic court hearings as the casino group struggles to salvage a high-stakes debt-cutting plan for its bankrupt subsidiary.
Judge Robert Gettleman said at an emergency court hearing in Chicago that he will decide on Oct. 5 whether he should overturn a U.S. Bankruptcy Court ruling from Friday that cleared the way for bondholders to sue... More
