I thought your opinion was related to the ongoing controversy about the Caesar's bankruptcy. Last month, a bankruptcy examiner concluded after a $17 Million investigation that there may have been fraudulent transfers that cost creditors about $10 Billion. (
Link)
Swann was one of three directors at Caesars that approved the transfers. This related story ran last summer:
Lynn Swann’s personal assets up for grabs in Caesars bankruptcy?
August 13, 2015
Could former National Football League great
Lynn Swann lose his personal fortune if creditor lawsuits go against casino operator
Caesars Entertainment Corp (CEC)?
Swann, the former Pittsburgh Steelers wideout who was inducted into the NFL Hall of Fame in 2001, has been an independent director of CEC since the company was taken private in 2008. Swann was one of three CEC directors who approved the
controversial transfer of profitable assets out of CEC’s main unit Caesars Entertainment Operating Co (CEOC) before it
filed for Chapter 11 bankruptcy this January.
On Thursday, the
New York Post quoted two sources saying that
lawsuits brought by junior creditors protesting these asset transfers could lead to claims of personal liability against Swann and the other two directors who gave thumbs up to the suspect deals.(
Continued)