August 4, 2015
Kelley Drye is noted as counsel to creditors of Caesars Entertainment Operating Corp. (CEOC) in the Law360 article “Ceasars To Wait 2 Months To Argue Parent Company's Fate.” CEOC is pushing for a quick appeal after U.S. Bankruptcy Judge A. Benjamin Goldgar told the company that it couldn’t appeal directly to the Seventh Circuit a ruling authorizing certain low-ranking bondholders to pursue four suits against parent company Caesar Entertainment Corp. The four lawsuits aim to force parent CEC to honor its guarantees of more than $5 billion in CEOC junior bonds, among other claims. The district court judge said that the bondholders had until Sept. 2 to file their arguments, four weeks after CEOC is set to file its own, and that he would hold a hearing on the motion to expedite on Sept. 29.
In addition to attorneys from Kelley Drye, the creditors are represented by attorneys from Jones Day, Foley & Lardner LLP, Arent Fox LLP, Drinker Biddle & Reath LLP, Abbey Gardy LLP and Grant & Eisenhofer PA.