Caesars Bondholders Turn Up Legal Pressure

Caesars Entertainment Corp. bondholders are suing for suffering they say they have endured from financial maneuvers between the casino company and its bankrupt unit.Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

The Obama administration wants more of a U.S. intervention in the Puerto Rico debt crisis and outlined a plan to help restructure its $72 billion in debt, WSJ reports.

Caesars won another four months to keep sole control of its bankruptcy case, DBR reports.

The Fresh & Easy grocery chain is shutting down and liquidating inventory for its 97 remaining stores, the Daily Breeze reports.

CIT Group Inc.’s chief executive is retiring, WSJ reports.

(And don’t forget to check out our blog post on the New York Military Academy, a prep school that counts Donald Trump among its alumni, preparing to reopen.)

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa