Bankruptcy Judge Benjamin Goldgar said at a hearing yesterday that billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp. directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, Reuters reported. Junior creditors of Caesars Entertainment Operating Co. Inc. (CEOC) convinced the court yesterday to force six of the parent's directors to prove they can contribute to CEOC's reorganization plan in exchange for releases from allegations of fraud. CEOC filed an $18 billion bankruptcy in January 2015. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global Management LLC and TPG Capital of orchestrating a plan to strip CEOC of "crown jewels," such as the Linq Hotel & Casino complex in Las Vegas, prior to its bankruptcy.
