Corporate Transactions
Harrah's Entertainment, Inc. - Class Action

Chimicles & Tikellis LLP represents stockholders of Harrah's Entertainment, Inc. (HET) in an action that initially challenged the proposed acquisition of Harrah's by a buyout group lead by its chairman and CEO, Gary Loveman. Gary Loveman's group announced a $81 per share merger proposal on October 2, 2006. Chimicles & Tikellis LLP filed a Complaint in the Delaware Court of Chancery on October 5, 2006 seeking the Harrah's board of directors to fulfill its fiduciary duties and obligations to the Company's public shareholders in the face of the "going-private" takeover proposal.

On December 19, 2006, Harrah's announced that it had agreed with the Buyout Group to be acquired in a going private transaction for $90 per share. Plaintiffs filed their Amended and Consolidated Class Action Complaint on December 22, 2006. The Amended and Consolidated Class Action Complaint alleges that the value of Harrah's shares is materially in excess of $90, that the consideration is inadequate and represents an attempt by the Buyout Group to wield its control to force out the public shareholders in order to reward itself with the profits rightfully belonging to the Plaintiffs and other Harrah's public shareholders.

CONTACT
Pamela S. Tikellis (PamelaTikellis@chimicles.com)
Scott Tucker (ScottTucker@chimicles.com)
CHIMICLES & TIKELLIS LLP
One Rodney Square
P.O. Box 1035
Wilmington, DE 19899

Telephone: (302) 656-2500
Toll Free: 866-399-2487
Facsimile: (302) 656-9053
Website: www.chimicles.com

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   Tuesday, May 13th, 2008