Judge to Rule on Venue for Caesars Bankruptcy Case - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Judge to Rule on Venue for Caesars Bankruptcy Case

Posted:

DOVER, Del. (AP) - A Delaware judge is set to rule on whether the Chapter 11 case of casino giant Caesars Entertainment Corp. should proceed in Delaware or in Illinois.

After hearing final arguments Tuesday, the judge said he would rule on Wednesday.

Several creditor groups want the case to proceed in Delaware, where they filed an involuntary bankruptcy petition just days before Caesars' operating unit made its own filing in Chicago.

Creditor attorneys say Caesars filed in Illinois partly because it will be easier there to shield company officials from lawsuits over what creditors allege were improper transfers to shield the operating unit's assets from creditors.

Caesars says the court should defer to its choice of Illinois as the best place to try to fashion a consensual plan maximizing value for all stakeholders.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Fatal Crash on Coastal Highway in Dewey Beach

    Fatal Crash on Coastal Highway in Dewey Beach

    10/21/2017 21:09:00 -04:002017-10-22 01:09:00 GMT
    Saturday, October 21 2017 9:09 PM EDT2017-10-22 01:09:36 GMT
    Dewey Beach, DE- The Delaware State Police Collision Reconstruction Unit is working with the Dewey Beach Police Department with an investigation of a fatal motor vehicle crash on Coastal Highway in the area of Salisbury and New Orleans St.Traffic inMore
    Dewey Beach, DE- The Delaware State Police Collision Reconstruction Unit is working with the Dewey Beach Police Department with an investigation of a fatal motor vehicle crash on Coastal Highway in the area of Salisbury and New Orleans St.Traffic inMore
  • Autumn Wine Festival in Salisbury

    Autumn Wine Festival in Salisbury

    10/21/2017 19:33:00 -04:002017-10-21 23:33:00 GMT
    Saturday, October 21 2017 7:33 PM EDT2017-10-21 23:33:57 GMT
    This weekend is the 15th annual Autumn Wine Festival. Thousands of people across the state came to Salisbury for the festival.More
    This weekend is the 15th annual Autumn Wine Festival. Thousands of people across the state came to Salisbury for the festival.More
  • Traumatic Car Crash Reported in Rehoboth Beach

    Traumatic Car Crash Reported in Rehoboth Beach

    10/21/2017 18:22:00 -04:002017-10-21 22:22:00 GMT
    Saturday, October 21 2017 6:23 PM EDT2017-10-21 22:23:02 GMT
    A traumatic and possibly deadly car crash was reported at around 6 p.m in Sussex CountyMore
    A traumatic and possibly deadly car crash was reported at around 6 p.m in Sussex CountyMore
  • Most Popular VideosMost Popular VideosMore>>

  • Police Investigating Shooting in Snow Hill

    Police Investigating Shooting in Snow Hill

    A Snow Hill man is in critical condition after a shooting Friday night. The Snow Hill Police Department responded to a shooting, or shots fired, call at around 7 p.m. at the intersection of W. Federal Street and Ross Street in Snow Hill. Police said they found Deron Raymont Ames, 25, of Snow Hill, laying along the edge of the roadway near the curb. Police said Ames was transported to Peninsula Regional Medical Center, where he remains in critical condition.

    More

    A Snow Hill man is in critical condition after a shooting Friday night. The Snow Hill Police Department responded to a shooting, or shots fired, call at around 7 p.m. at the intersection of W. Federal Street and Ross Street in Snow Hill. Police said they found Deron Raymont Ames, 25, of Snow Hill, laying along the edge of the roadway near the curb. Police said Ames was transported to Peninsula Regional Medical Center, where he remains in critical condition.

    More
  • Police Arrest A Baltimore Man for Unsolved Murder of UMES Student

    Police Arrest A Baltimore Man for Unsolved Murder of UMES Student

    Maryland State Police arrested 25-year-old Davonta M. Braxton, of Baltimore, Md.

    Officers say Braxton is charged in connection to the murder of 21-year-old Edmond St. Clair, who was a student at the University of Maryland Eastern Shore (UMES). Braxton has been a student at the university, but is not currently enrolled, according to school records.

    More

    Maryland State Police arrested 25-year-old Davonta M. Braxton, of Baltimore, Md.

    Officers say Braxton is charged in connection to the murder of 21-year-old Edmond St. Clair, who was a student at the University of Maryland Eastern Shore (UMES). Braxton has been a student at the university, but is not currently enrolled, according to school records.

    More
  • Neglected Dogs from Seaford Up for Adoption

    Neglected Dogs from Seaford Up for Adoption

    Three of the dogs rescued for a hoarded home in Seaford are going up for adoption this weekend. 

    The Brandywine Valley SPCA in Georgetown are rehabilitating the 31 dogs rescued last week. 

    More

    Three of the dogs rescued for a hoarded home in Seaford are going up for adoption this weekend. 

    The Brandywine Valley SPCA in Georgetown are rehabilitating the 31 dogs rescued last week. 

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices