CHICAGO (AP) — The background of a lawyer investigating the actions of a debt-heavy operating unit of casino giant Caesars Entertainment Corp. before it filed for bankruptcy protection in January includes involvement in the high-profile bankruptcy cases for Enron and Lehman Brothers.
On Wednesday a bankruptcy judge in Chicago appointed 68-year-old Richard J. Davis to be the case's examiner to look into disputed business transfers that some creditors say robbed the division of valuable assets and left them without a guarantee on their investments.
Davis is charging $850 an hour, a $100 discount.
Davis is a New York attorney and was an assistant special prosecutor for Watergate in the 1970s and involved in efforts to secure the release of Americans during the Iranian hostage crisis while he was assistant secretary of the Treasury.