NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it is investigating potential securities claims against Caesar’s Entertainment Corporation (NASDAQ:CZR) resulting from evidence that the Company may have issued materially misleading business information to the investing public.
On November 14, 2014, Caesars issued a quarterly report, on Form 10-Q, which indicated that Caesar’s majority owned subsidiary, Caesars Entertainment Operating Company, Inc., (“CEOC”), currently had sufficient liquidity, and would not require additional sources of cash to fund its operations and obligations until the fourth quarter of 2015. However, on December 12, 2014, less than one month after Caesar’s issued its 10-Q, and almost a year before the fourth quarter of 2015, it was revealed that Caesar’s intended to place CEOC in bankruptcy by January 15, 2015. On this news, shares of Caesar’s fell sharply during intraday trading on December 12, 104, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Caesar’s shareholders as a result of this adverse information. If you purchased Caesar’s stock before December 12, 2014, please visit the website at http://www.rosenlegal.com/cases-464.html for more information. You may also contact Phillip Kim, Esq. or Jonathan Stern, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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