{"id":1145,"date":"2016-03-08T08:37:50","date_gmt":"2016-03-08T13:37:50","guid":{"rendered":"https:\/\/www2.law.temple.edu\/voices\/?p=1145"},"modified":"2016-07-28T12:23:20","modified_gmt":"2016-07-28T16:23:20","slug":"private-equity-firms-strip-gambling-empire-caesars-went-bankrupt","status":"publish","type":"post","link":"https:\/\/www2.law.temple.edu\/voices\/private-equity-firms-strip-gambling-empire-caesars-went-bankrupt\/","title":{"rendered":"Did Private Equity Firms &#8216;Strip&#8217; Gambling Empire Caesars Before it Went Bankrupt?"},"content":{"rendered":"<p>Professor Jonathan Lipson is quoted in this piece by Reuters on a new report due out from a former Watergate prosecutor that could break a deadlock in one of the biggest fights on Wall Street over the bankruptcy of<span class=\"highlight\"> Caesars<\/span>\u2018 casino operating unit,\u00a0<span class=\"highlight\">Caesars <\/span>Entertainment Operating.<\/p>\n<p><span class=\"highlight\">Caesars <\/span>has proposed injecting $1.5 billion into its operating unit to settle allegations of asset-stripping, and the examiner\u2019s report could show whether or not that amount is fair.<\/p>\n<p>But so far junior bondholders have refused to accept\u00a0<span class=\"highlight\">Caesars<\/span>\u2018 plan, demanding that it inject more money into the bankrupt casino company which would be split into a real estate investment trust and a separate operating unit.<\/p>\n<p><strong><a href=\"http:\/\/fortune.com\/2016\/03\/06\/did-private-equity-firms-strip-gambling-empire-caesars-before-it-went-bankrupt\/\" target=\"_blank\">Read the Full Story<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professor Jonathan Lipson is quoted in this piece by Reuters on a new report due out from a former Watergate prosecutor that could break a deadlock in one of the biggest fights on Wall Street over the bankruptcy of Caesars\u2018 casino operating unit,\u00a0Caesars Entertainment Operating. Caesars has proposed injecting $1.5 billion into its operating unit to settle allegations of asset-stripping, and the examiner\u2019s report could show whether or not that amount is fair. But so far junior bondholders have refused to accept\u00a0Caesars\u2018 plan, demanding that it inject more money into the bankrupt casino company which would be split into a real estate investment trust and a separate operating unit. Read the Full Story<\/p>\n","protected":false},"author":3,"featured_media":1146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[218,217],"audience":[],"coauthors":[35],"class_list":["post-1145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faculty-in-the-media","tag-bankruptcy","tag-caesars"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Did Private Equity Firms &#039;Strip&#039; Gambling Empire Caesars Before it Went Bankrupt? - Voices at Temple<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www2.law.temple.edu\/voices\/private-equity-firms-strip-gambling-empire-caesars-went-bankrupt\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Did Private Equity Firms &#039;Strip&#039; Gambling Empire Caesars Before it Went Bankrupt? - Voices at Temple\" \/>\r\n<meta property=\"og:description\" content=\"Professor Jonathan Lipson is quoted in this piece by Reuters on a new report due out from a former Watergate prosecutor that could break a deadlock in one of the biggest fights on Wall Street over the bankruptcy of Caesars\u2018 casino operating unit,\u00a0Caesars Entertainment Operating. Caesars has proposed injecting $1.5 billion into its operating unit to settle allegations of asset-stripping, and the examiner\u2019s report could show whether or not that amount is fair. But so far junior bondholders have refused to accept\u00a0Caesars\u2018 plan, demanding that it inject more money into the bankrupt casino company which would be split into a real estate investment trust and a separate operating unit. Read the Full Story\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www2.law.temple.edu\/voices\/private-equity-firms-strip-gambling-empire-caesars-went-bankrupt\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Voices at Temple\" \/>\r\n<meta property=\"article:published_time\" content=\"2016-03-08T13:37:50+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2016-07-28T16:23:20+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www2.law.temple.edu\/voices\/cms\/wp-content\/uploads\/2016\/03\/Lipson-Reuters-Mar2016.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"840\" \/>\r\n\t<meta property=\"og:image:height\" content=\"560\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\r\n<meta name=\"author\" content=\"Jonathan C. Lipson\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jonathan C. 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