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Caesars Slides After Court Rules It Must Face Bondholder Suits

Caesars Entertainment Corp. tumbled the most in more than a year after a judge ruled that the casino company must face bondholder lawsuits that could force it into bankruptcy alongside its main operating unit.

The shares fell 15 percent to $6.37 at 10:20 a.m. in New York, and dropped as much as 28 percent earlier, the biggest intraday drop since July 2015. They had been down 11 percent in the past year through Friday.

The ruling by U.S. Bankruptcy Judge A. Benjamin Goldgar in Chicago on Friday means Caesars could lose court cases by...