Caesars Entertainment Operating Company filed with the U.S. Bankruptcy Court a notice of resignation of the Court-appointed mediator.
The notice states, “Pursuant to the attached letter, the Honorable Joseph J. Farnan, Jr., retired Chief Judge of the United States District Court for the District of Delaware, has resigned as mediator.”
The Honorable Joseph J. Farnan, Jr., retired Chief Judge states, “In my experience presiding over many complex Chapter 11 cases and mediating high profile Chapter 11 matters to successful conclusions, I believe Caesar’s effort at mediation is and has been affected by atypical views of a mediation process. For example, as I read the recent hearing transcripts and the Court’s August 26 bench ruling, I was struck by the extent my Mediation Statement regarding the progress of the mediation – a standard report to a supervising Court – was the focus of the hearing and the Court’s observations. Apparently the Court did not find my progress report helpful because I didn’t breach the confidentiality of the mediation and testify in open court or describe the discussions and proposals exchanged, and detail the status of the differences among the parties.”
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