After emerging from a lengthy bankruptcy period it was revealed that Caesars Entertainment Corporation's legal fees for the case hit a staggering $160 million.
The revelation was made in a court filing by Caesars, revealing that the three year bankruptcy case cost the company $160 million across three different law firms. Kirkland & Ellis had the biggest haul, with a $77 million bill going out to the casino group, while Winston & Strawn took in $30.6 million. Other groups brought in lesser amounts.
Caesars had a prolonged bankruptcy case, as the company's financials were a mess and attorneys needed to wade through the various contracts and transactions that Caesars and their subsidiaries conducted over the years.