Seeking Alpha

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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