Caesars Shares Slide on Bankruptcy Ruling

Shares of Caesars Entertainment were lower Monday after the company appealed a U.S. Bankruptcy Court ruling.
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Shares of Caesars Entertainment (CZR) - Get Report 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 (APO) - Get Report and TPG Capital for $990 million to ease debts. The two private-equity firms declined the request.

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