According to the U.S. Bankruptcy Court , Ferguson Enterprises filed a letter to Caesars Entertainment Operating Company, demanding the return of all goods sold to the Debtor and delivered within 45 days prior to the Company’s January 15, 2015 bankruptcy filing.
The letter states, “This demand specifically includes, but is not limited to, goods (including any consigned inventory) identified on the invoices. The invoices set forth the value of the goods only and not the services. Ferguson reserves the right to identify additional goods that have been delivered to the Debtor within such period…Ferguson hereby further demands that it be granted immediate access to the Debtor’s various locations so as to conduct a physical inventory of the goods held by the Debtors….You are further notified that all goods subject to Ferguson’s right of reclamation, or any proceeds derived there from, must be identified, segregated and protected by you and shall not be used, sold, dissipated or commingled with any other goods for any purpose whatsoever, except as may be specifically authorized following notice and hearing by the Bankruptcy Court or any other court.”
Read more about CEOC’s Chapter 11 case.