Caesars may face probes of its pre-bankruptcy moves

Wilmington, Delaware

CAESARS Entertainment Operating Co may face multiple probes of its pre-bankruptcy restructuring efforts, a judge said in a ruling that might unleash a "free-for-all" of investigations.

US bankruptcy judge Benjamin Goldgar said on Wednesday that he planned to deny a request by a court-appointed examiner to temporarily limit creditor investigations of the Las Vegas-based casino company. The examiner argued that multiple, unfettered investigations could delay his official report, which will evaluate the propriety of Caesars' decision to transfer assets and refinance some debt in the years before filing for bankruptcy.