Bondholders File Class Action Suit Against Harrah's Over Exchange Offers | Practical Law

Bondholders File Class Action Suit Against Harrah's Over Exchange Offers | Practical Law

An update on a class action lawsuit filed in federal court in Delaware alleging among others that Harrah's unlawfully restricted bond exchange offers to certain bondholders over similarly-situated holders, which resulted in these bondholders obtaining priority claims in potential bankruptcy proceedings.

Bondholders File Class Action Suit Against Harrah's Over Exchange Offers

Practical Law Legal Update 9-384-6902 (Approx. 2 pages)

Bondholders File Class Action Suit Against Harrah's Over Exchange Offers

by PLC Corporate & Securities and PLC Finance
Published on 12 Jan 2009USA (National/Federal)
An update on a class action lawsuit filed in federal court in Delaware alleging among others that Harrah's unlawfully restricted bond exchange offers to certain bondholders over similarly-situated holders, which resulted in these bondholders obtaining priority claims in potential bankruptcy proceedings.