It will likely guarantee that the value of the 2nd tranche will not be dissipated by Genesis and funneled to other creditors. Up coming 7 days, the evidentiary Listening to on approval of Genesis’s arrangement to allow FTX a $one hundred seventy five million assert will probably be held on September 18th at 10am ET. Specifics for listening in ar
Alternatively, Genesis’s exclusivity could possibly be terminated, enabling other parties in desire to propose an alternate program for solicitation. In the event the System isn't verified at the Listening to presently scheduled to get started on on February 14, 2024, in the above mentioned-explained results, we expect that distributions to Make
DCG Formerly misleadingly announced that it experienced paid remarkable financial loans to Genesis in comprehensive, pursuant to your functions’ arrangement to repay particular prepetition loans (see January 19th update, under).Even further updates concerning timelines will continue to get posted to this webpage as they turn out to be available.c
Alternatively, Genesis’s exclusivity could possibly be terminated, allowing for other parties in desire to propose another program for solicitation. If your Program is not verified for the hearing currently scheduled to begin on February fourteen, 2024, in the above-explained outcomes, we expect that distributions to Get paid customers are going