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.

However tantalizing that prospect from a media perspective, the existence of corporate liability insurance means Swann isn’t likely to be out on the street hawking pencils out of a cup, even if the courts do side with the creditors. That is, unless reducing said insurance was among the cost-cutting moves CEC elected to make on its way to bankruptcy court.