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Tag: bankruptcy

Conflict of Interest

Conflict of interest missed by attorney

An attorney dually representing Caesars Entertainment’s operating unit and its private equity owner Apollo Global Management LLC created a conflict of interest during the time the attorney’s firm was working on a number of controversial transactions involving the casino conglomerate.  The findings regarding the conflict of interest were detailed in a report prepared by a Chapter 11 bankruptcy examiner tasked with investigating potential claims Caesars Entertainment Operating Co. (“CEOC”) creditors may have made against its parent company, Caesars Entertainment Corp. […]