The Daily Docket: Caesars Hit by Another Lawsuit

Caesars Entertainment Operating Co. was hit by another investor lawsuit Wednesday, this time by bondholders that say the casino giant recently worked out a “backroom” deal to aid one group of creditors and hurt others. Read 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 our homepage, scroll to the bottom and click “try for free.”)

Creditors in Detroit’s bankruptcy case on Wednesday argued in court that the city’s debt-cutting plan isn’t feasible, The Wall Street Journal reports.

WSJ has an opinion piece about bondholders’ case against Detroit for unfair treatment in bankruptcy.

Oil and gas company Matagorda Island Gas Operations LLC, which was sanctioned by the U.S., filed for Chapter 11 protection, Bloomberg reports.

The Trump Taj Mahal in Atlantic City, N.J., might be headed for bankruptcy if it can’t make a deal with creditors, the New York Post reports.

Brazil’s BRF SA said it would sell its dairy units to France’s Lacatlis Group for $805 million, WSJ reports.

WSJ reports that Switzerland’s financial regulator is investigating the role of Banque Privée Espírito Santo SA, the Swiss bank tied to Espírito Santo Group, in the distribution of problematic financial products.

The architect of Argentina’s first debt-restructuring deal said the country should pay bond holdouts, DealBook reports.

(And don’t forget to check out our latest batch of Examiners posts, on work-life balance in restructuring.)

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