January 16, 2015
Kelley Drye is noted as counsel to Wilmington Savings Fund Society FSB, an indentured trustee to Caesars Entertainment Operating Co. Inc. in the Law360 article “Top Restructuring Firms Face Off In $10B Caesars Battle.” The article discusses Caesars’s aggressive bankruptcy plan to eliminate approximately $10 billion in claims. Creditors are arguing that the U.S. casino operator purposefully stripped the unit of assets or breached lending agreements leading to bankruptcy. In order to fight Caesars’s attempt to extinguish the claims, creditors have hired firms with preeminent bankruptcy practices including Kelley Drye, Kirkland and Ellis and Jones Day.
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