Caesars Shares Fall After Judge Blocks Shield From Bondholder Suits

By Markets MarketWatch Pulse

Caesars Entertainment Corp. shares fell in the extended session Friday after a bankruptcy court judge refused to shield the company from bondholder lawsuits. Caesars shares dropped 12% to $6.60 after hours. Late Friday, a U.S. bankruptcy judge in Chicago said that Caesars Entertainment, the parent company of the bankrupt Caesars Acquisition Co., could not shield itself from about $11 billion in claims from bondholders, according to a Reuters report.

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