Bankrupt cryptocurrency lender Genesis International Holdco LLC shouldn’t be allowed to launch third events from legal responsibility or pay authorized charges outdoors the court docket’s purview, the Justice Division argues.
The Workplace of the US Trustee on Monday objected to Genesis’ amended joint Chapter 11 plan in a submitting in the US Chapter Courtroom for the Southern District of New York. The federal watchdog, which displays company bankruptcies, argued the crypto lender’s plan from November additionally imposes extra burdens and necessities on sure collectors.
The US Trustee’s objections might be thought of by the choose in the case, who might resolve to reject …
Crypto Lender Genesis Overreaches in Repayment Plan, DOJ Says information.bloomberglaw.com 2024-01-31 02:48:12
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