Outside examiner looks at Caesars Bankruptcy..

[DannyDeadWood]

Can't find this posted or maybe should be merged with other Caesars thread....Outside examiner looks at Caesars bankruptcy and guess what he found?

http://www.reuters.com/article/us-ca...-idUSKCN0WI05W

[Dan Druff]

I talked about this some on radio, but this article contains new info.

I liked this part:

There have been myriad legal disputes stemming from the bankruptcy. Davis' investigation of Caesars comprised over 8.8 million pages of documents and interviews with 92 witnesses.

8.8 million pages?!



I heard about this investigation. Basically both sides agreed to this, but then Caesars got word that Davis (the investigator) would release findings which were unfavorable to them, so they tried to back out of their original agreement. This angered a judge involved with the case, who threatened to derail the whole bankruptcy plan.

This Davis guy also investigated Watergate? How old is he? Even if he were just 30 at the time, he would now be 72!

[PuppyMonkeyBaby]

I talked about this some on radio, but this article contains new info.

I liked this part:

There have been myriad legal disputes stemming from the bankruptcy. Davis' investigation of Caesars comprised over 8.8 million pages of documents and interviews with 92 witnesses.

8.8 million pages?!



I heard about this investigation. Basically both sides agreed to this, but then Caesars got word that Davis (the investigator) would release findings which were unfavorable to them, so they tried to back out of their original agreement. This angered a judge involved with the case, who threatened to derail the whole bankruptcy plan.

This Davis guy also investigated Watergate? How old is he? Even if he were just 30 at the time, he would now be 72!

Listened to Handicapme on the show tonight discussing this. Have to agree he's pretty on point. Likelyhood is the investors getting raped over the Bankruptcy will end up with equity shares in the new entity. Although discussing with a few we all seem to agree this is some shady shit businesses are allowed to just firesale their bad choices off on folks and keep the parts that make them happy and make money.. I get it that's the purpose of "reorganization" but just seems sometimes they get a little shady with how they do this shit..