Gemini Opposes Genesis Bankruptcy Plan: ‘Woefully Light on Specifics’

“Debtors have repeatedly promised {that a} plan that resolves claims in opposition to DCG is correct across the nook, as they search extension after extension of mediation intervals, listening to dates, and bid deadline,” the Gemini submitting mentioned. The hurt to Gemini is worsened by the actual fact, it mentioned, that DCG has “not paid any of the roughly $630 million in loans that got here because of the Debtors in Could 2023.”