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Caesars conflict means trouble for John Paulson

Paulson is one of the biggest shareholders in the parent company, with a 10 percent stake.

John Paulson 640x360

 

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.

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Read the full story at The New York Post by Josh Kosman

 

John Paulson

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…

John A. Paulson (from right) with Harvard President Drew Faust and Harvard Business School Dean Nitin Nohria meet in front of Massachusetts Hall. Rose LincolnHarvard Staff Photographer

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 640x360

John Paulson seems to be zigging when

others are zagging. He is making  bet on

energy as prices have fallen and is

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sticking with gold. Energy prices were

nearly cut in half for 2014, and even the

most savvy value More…

Carl Icahn + John Paulson

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

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…

John Paulson,   president of Paulson & Co. Inc.,   testifies dur

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

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residence and living there rather

More…

 

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