U.S. judge says may be too late to halt lawsuits against Caesars

Las Vegas Strip casinos are seen from the 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, in Las Vegas, Nevada April 9, 2014.

USA: A U.S. bankruptcy judge said on Wednesday he must look deeper into whether he has the authority to halt bondholder lawsuits against Caesars Entertainment Corp (CZR.O) in New York and Delaware given that proceedings have already begun.

Several hedge funds are suing the casino company for a total of $11.4 billion, saying it reneged on guarantees on bonds issued by its unit, which filed for bankruptcy in January 2015. Caesars plans to pump about $4 billion to help restructure the unit, called Caesars Entertainment Operating Co.