U.S. judge says Caesars must face bondholder suits worth $11 billion

Las Vegas News Bureau

Caesars Palace with a view of the new Centurion Tower on June 15, 1979, in Las Vegas.

Caesars Entertainment Corp. must face lawsuits from bondholders seeking some $11 billion in claims, a U.S. judge ruled Friday in a decision the casino company had warned could push it into bankruptcy alongside its operating unit.

Caesars Entertainment Operating Co., which filed for Chapter 11 protection in January 2015, was asking for a third court shield from lawsuits against its parent to protect a multibillion-dollar contribution to its reorganization plan.

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