Caesars lawyer asks bankruptcy judge to let team 'finish the job'

June 13, 2016 11:07 PM

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CHICAGO, June 13 A lawyer for Caesars Entertainment Operating Co, or CEOC, asked a U.S. bankruptcy judge on Monday to halt lawsuits against its parent temporarily so it can complete negotiations with creditors on a consensual reorganization plan.

Eighteen months into CEOC's $18 billion bankruptcy, the casino group said it is close to reaching agreement with its diverse creditors on a reorganization plan that includes a $4 billion contribution from its parent, Caesars Entertainment Corp .

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