The Daily Docket: Bondholders Look to Push Caesars Into Bankruptcy
Caesars Entertainment Corp.’s Caesars Palace casino stands in Las Vegas, Nevada, U.S., on Sunday, March 9, 2014.
A group of hedge funds on Monday filed papers to push Caesars Entertainment Inc.’s largest unit into Chapter 11 bankruptcy, jump starting a long-planned restructuring of the big casino operator. The Wall Street Journal has the Daily Bankruptcy Review article here.
(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)
Clothing retailer Body Central is closing its chain of 265 clothing stores and is going to liquidate under a state proceeding in Florida, DBR reports in WSJ.
Families of people who died in the Montreal, Main & Atlantic Railway Ltd.’s disaster in Lac-Mégantic, Quebec, will be able to access a $200 million settlement fund, the Globe and Mail reports.
Irish ex-billionaire Sean Quinn got an automatic discharge from bankruptcy Friday, the Irish Independent reports.
Interfaith Medical Center’s bankruptcy judge approved attorney fees, the New York Daily News reports.
Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa
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