US casino operator Caesars Entertainment Corporation has filed a lawsuit against certain institutional investors who the company believes have sought to injure it by attempting to thwart the restructuring efforts of one of its subsidiaries and push it into default.
The complaint states that Caesars and its subsidiary, Caesars Entertainment Operating Company (CEOC), believe "some creditors are motivated to act against the best interest of the enterprise and other creditors" to inflate the value of credit [...]
