Bankruptcy Judge A. Benjamin Goldgar on Thursday gave the examiner in Caesars Entertainment Operating Co.’s bankruptcy case a wider scope of power than the casino company wanted, the Wall Street Journal reported on Saturday. Judge Goldgar approved Caesars’ request for the independent examination but said that the individual could go beyond just the seven “challenged” transactions that have prompted four separate investor lawsuits. The judge already had said that he would allow the examiner, he just hadn’t decided on the scope. Thursday’s decision decision is a win for a group of junior bondholders, who had said that an examiner should be allowed to look at more than just those seven transactions, which Caesars had requested. Judge Goldgar said that the examiner could look at any transactions or “apparent self-dealing or conflicts of interest” for which creditors might bring claims against Caesars, including current and former officers of Caesars.
