Billionaire investor John Paulson is caught in the middle of another deal that critics claim is conflict-ridden.
Junior creditors of Caesars Entertainment’s bankrupt operating unit argue a proposed restructuring deal between the casino giant and fewer than half of its creditors represents an “improper” conflict of interest.
That’s because most of creditors who signed on to the deal also own equity in Caesars parent company, which has not filed for bankruptcy, lawyers for the junior creditors said Thursday.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Read the full story at The New York Post by Josh Kosman
John Paulson
Hedge fund Paulson & Co lead by
billionaire John Paulson, one of
the most cut its stake in the world’s
biggest gold-backed exchange-traded
fund in the second quarter of 2015,
after holding it unchanged More…
Alumnus John Paulson is donating
$400 million to Harvard University,
the largest gift in the 379 year old
school’s history and among the biggest
ever to a U.S. university, the school
said Wednesday. The money More…
John Paulson seems to be zigging when
others are zagging. He is making bet on
energy as prices have fallen and is
sticking with gold. Energy prices were
nearly cut in half for 2014, and even the
most savvy value More…
U.S. hedge funds bet billions of dollars
on oil & gas stocks in 2014, but the drop
in oil and gas prices has left them with
enormous losses, The Motley Fool (TMF)
said. Hedge fund manager John Paulson
rose More…
John Paulson, who made a winning bet
against sub-prime mortgages prior to
the housing crisis, didn’t have much luck
in 2014, which was the second worst year
of his career, as reported by Bloomberg.
While More…
High-profile money manager John
Paulson said with low interest rates
and cheap housing prices, buying a
house is the best investment. He
recommends purchasing a primary
residence and living there rather
