	caesars world caw files suit against sosnoff caesars world inc said it filed a lawsuit against martin t sosnoff and mts uisition corp regarding its march unsolicited tender offer for caesars world stock the company said it filed in the federal court in the central district of california charging the tender offer which its board rejected violated federal securities laws and federal margin regulations the suit charges the offering materials are materially false and misleading and misstate and conceal material information required to be disclosed to shareholders the suit also charges the offer is illusory and designed to manipulate the market in caesars world stock to enable sosnoff to sell the caesars world stock he already owns for a substantial profit the complaint seeks among other things to enjoin the tender offer and to require mts and sosnoff to correct false and misleading statements in the offer caesars world is expected to seek a friendly suitor restructure operations or buy back sosnoff s holdings in an attempt to fight off the bid sosnoff holds about pct of the company s stock reuter 
