Caesars Entertainment Allowed to Keep Control of Bankruptcy

A judge on Wednesday said Caesars Entertainment Operating Co. could keep control of its bankruptcy case without the threat of rival restructuring proposals until November, a win for the casino giant over several groups of creditors. The Wall Street Journal has the Daily Bankruptcy Review article here.

(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 liquidators of a pair of failed Cayman Islands-based hedge funds run by a former Harvard quarterback are suing Barclays PLC to claw back some $80 million they say was illegally funneled to the bank to cover margin calls, DBR reports in WSJ.

Emails are in the spotlight in the Dewey & LeBoeuf trial, WSJ reports.

Online retailer Karmaloop Inc. has hired former streetwear trade show co-owner Seth Haber to serve as its new chief executive, DBR reports in WSJ.

Fox Business looks at life after Lehman Brothers for ex-chief Dick Fuld, who opened a real-estate brokerage.

A DealBook piece discusses the repercussions that can still be felt from Lehman’s bankruptcy.

Struggling companies and their creditors are looking at real-estate investment trusts, WSJ reports.

(And don’t forget to check out our blog post on the bankruptcy filing by rapper 50 Cent’s boxing promotion company.)

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