Shares of Caesars Entertainment were lower Monday after the company appealed a U.S. Bankruptcy Court ruling that the company will not be shielded from $11 billion in lawsuits by bondholders. On Friday, a judge ruled that extending the ban on the lawsuits would not help the casino operator settle with bondholders. Last week, Caesars asked majority shareholders Apollo Global Management and TPG Capital for $990 million to ease debts. The two private-equity firms declined the request.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
