Published August 26, 2016 4:50pm EDT | Updated August 26, 2016 5:03pm EDT

Caesars Shares Fall After Judge Blocks Shield From Bondholder Suits

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.