Genesis reaches reimbursement agreement with parent company DCG to end $620 million lawsuit
Digital Currency Band has on $320 million LEFT has repay, according to has Genesis, And THE agreement would be see that remaining sum refunded by April following year.
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Bankruptcy crypto lender Genesis And It is parent business, Digital Currency Band (DCG), has struck A agreement that could END A in progress trial has claw back $620 million In refunds Since DCG.
In A Nov. 28 deposit has A New York Bankruptcy Court, Genesis said DCG agreed has pay It is outstanding $324.5 million In loans by April following year, And Genesis can hunting up on any of them unpaid amounts.
THE propose agreement goals has authorize Genesis has END A trial deposit against DCG In September that research has to have THE farm repay late loans value around $620 million. DCG has do a few Payments Since THE costume.
Underlines
extract
of
THE
agreement
between
Genesis
(GGC)
And
DCG.
Source:
KrollGenesis said THE refund agreement will provide he with "immediate significant And short term benefits" And avoid THE "risk, costs, And derivation of resources that would be be required by dispute. »
THE agreement will form part of Genesis' plans has pay back the creditors, WHO will vote on THE plan Before he East sent has bankruptcy judge Sean Skinny For A decision — WHO will consider THE of the creditor votes.
Related: Genesis....
Digital Currency Band has on $320 million LEFT has repay, according to has Genesis, And THE agreement would be see that remaining sum refunded by April following year.
News
Join
We
on
social
networks
Bankruptcy crypto lender Genesis And It is parent business, Digital Currency Band (DCG), has struck A agreement that could END A in progress trial has claw back $620 million In refunds Since DCG.
In A Nov. 28 deposit has A New York Bankruptcy Court, Genesis said DCG agreed has pay It is outstanding $324.5 million In loans by April following year, And Genesis can hunting up on any of them unpaid amounts.
THE propose agreement goals has authorize Genesis has END A trial deposit against DCG In September that research has to have THE farm repay late loans value around $620 million. DCG has do a few Payments Since THE costume.
Underlines
extract
of
THE
agreement
between
Genesis
(GGC)
And
DCG.
Source:
KrollGenesis said THE refund agreement will provide he with "immediate significant And short term benefits" And avoid THE "risk, costs, And derivation of resources that would be be required by dispute. »
THE agreement will form part of Genesis' plans has pay back the creditors, WHO will vote on THE plan Before he East sent has bankruptcy judge Sean Skinny For A decision — WHO will consider THE of the creditor votes.
Related: Genesis....
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