Caesars Entertainment Bankruptcy Examiner Finds Plausible Claims

A bankruptcy examiner said Caesars Entertainment Corp., along with private-equity owners Apollo Global Management and TPG LP, made deals that hurt the casino company’s now-bankrupt operating unit. Examiner Richard J. Davis said the damages could be worth between $3.6 billion and $5.1 billion. 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.”)

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