Law360 Mentions Kelley Drye as Counsel to Creditors in Caesars Entertainment Bankruptcy
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.