Creditors have brought numerous lawsuits alleging fraud over transfers of assets out of the operating unit, Caesars Entertainment Operating Company. As the unit struggled to overhaul its operations prior to filing for bankruptcy in January, it transferred a number of its most valuable properties and casinos to affiliates of the parent company. Creditors have alleged the moves were illegal efforts by the parent company to put the assets beyond their reach. Caesars said that at this time it does not believe that a material loss will result from the outcome of the lawsuits.