Caesars lawsuit vs second-lien noteholders dismissed by NY court

July 20, 2015 9:44 PM

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July 20 A lawsuit by casino company Caesars Entertainment Corp against a group of creditors known as the second-lien noteholders, who are owed billions of dollars, was dismissed by a New York state court judge on Monday, according to a court filing.

Caesars had alleged in an August 2014 lawsuit that the second-lien noteholders harmed the company through bogus allegations and demand letters. Caesars had offered to withdraw the lawsuit, although it wanted to leave open the possibility of refiling it, which prompted the second-lien noteholders to ...

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