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Actionable news in CZR: Caesars Entertainment Corporation,

Caesars bankruptcy date under scrutiny at trial with creditors

Oct 5 Caesars Entertainment Corp's casino business sparred with a group of creditors in a trial on Monday over the exact date that the casino operator went bankrupt, in a battle that could determine whether the company's restructuring deal can go forward.

Creditors Appaloosa Management and other hedge funds urged U.S. Bankruptcy Judge Benjamin Goldgar in Chicago to rule that Caesars' operating unit, CEOC, went bankrupt on Jan. 12, when they filed an involuntary petition against the company in Delaware.

That petition came three days before the company filed a voluntary $18 billion bankruptcy petition in Chicago.

The timing of the Chapter 11 filing is...


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