Caesars Entertainment volatile as legal battles rage on

Shares of Caesars Entertainment (CZR +10.8%) move higher to make off for losses piled up yesterday amid more lawsuit activity.

Bondholders are battling the company over asset moves between subsidiaries.

Evaluating the stock has become an exercise in handicapping complex legal battles. Even Fitch Ratings call the Caesars legal quagmire as possibly the most complex in all of leveraged finance.

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