Daily Bankruptcy & Restructuring Newsletter for January 15, 2015

All About Caesars…

Court Docket (Illinois): Chapter 11 Voluntary Petition Filed in the Northern District of Illinois by David R Seligman of Kirkland & Ellis LLP on behalf of Caesars Entertainment Operating Company, Inc.

Court Docket (Illinois): Memorandum in Support of Chapter 11 Petitions Filed by Caesars Entertainment Operating Company, Inc.

Court Docket (Delaware): Renewed (A) Motion of Petitioning Creditors, Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 1014(b), for an Order Staying any Parallel Proceeding; (B) Motion of Petitioning Creditors, Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 1014(b), for an Order (I) Establishing Venue for the Chapter 11 Cases of Caesars Entertainment Operating Company, Inc. and its Debtor Affiliates in the District of Delaware and (II) Granting Certain Related Relief; (C) Emergency Motion of Petitioning Creditors for an Order Shortening Notice and Scheduling an Expedited Hearing on Motion to Stay any Parallel Proceedings; and (D) Emergency Motion of Petitioning Creditors for an Order Shortening Notice and Scheduling an Expedited Hearing on Motion for an Order (I) Establishing Venue for the Chapter 11 Cases of Caesars Entertainment Operating Company, Inc. and its Debtor Affiliates in the District of Delaware and (II) Granting Certain Related Relief Filed by Appaloosa Investment Limited Partnership I, OCM Opportunities Fund VI, L.P, Special Value Expansion Fund, LLC

Press Release: Caesars Entertainment Operating Co. Commences Voluntary Chapter 11 Reorganization to Implement Previously Announced Financial Restructuring Plan

Reuters: Markets split on endgame for Caesars’ looming bankruptcy


Wall Street Journal: Fed’s Beige Book: We Read It So You Don’t Have To


Forbes/S&P Capital IQ: RadioShack bonds stuck at lows ahead of liquidity deadline


Detroit Free Press: Detroit casino revenues fell again in 2014


Bloomberg: Copper Tumbles Most in Six Years Amid Commodity Collapse


U.S. Supreme Court: Transcript of Oral Argument in Wellness International Network Limited v. Sharif


Haynes & Boone: A “Crumby” Decision Confuses Trademark Law for Rejected Licenses in Chapter 11 Cases


Weil, Gotshal & Manges: Drilling Down: A Deeper Look into the Distressed Oil & Gas Industry Part 2—Treatment of Oil and Gas Interests in Bankruptcy

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