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Caesars Entertainment case could hinge on typo

Dec. 15, 2015 1:03 PM ETCaesars Entertainment, Inc. (CZR) StockCZRBy: Clark Schultz, SA News Editor1 Comment
  • Caesars Entertainment (CZR -0.3%) could be in trouble due to what it says is a typo.
  • The company signed a debt agreement in 2008 in which three conditions for stripping assets away were listed. The last two conditions were separated by an "and" instead of the "or" that was the intent of Caesars.
  • A judge will have to find that the alleged typo led to an outright absurdity to reverse the contract.

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