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Caesars Wins Temporary Halt to Creditor Suits

Judge suspended bondholders' cases while company goes through bankruptcy reorganization.

By Steven Church, Bloomberg News | Updated on June 15, 2016

Caesars Entertainment Corp. won a temporary halt to potentially crippling court rulings in bondholder lawsuits that accuse the company of unfairly reneging on a promise to repay billions of dollars in debt.

U.S. Bankruptcy Judge A. Benjamin Goldgar granted a request by the casino giant’s bankrupt operating unit, Caesars Entertainment Operating Co., or CEOC, to suspend cases in New York and Delaware while the unit seeks to finish reorganizing. 

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