US Trustee Opposes 'Backdoor' Releases In Genesis Ch. 11

[Gunnar Larson]

US Trustee Opposes 'Backdoor' Releases In Genesis Ch. 11
<https://www.law360.com/fintech/articles/1791798?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-01-31&read_main=1&nlsidx=0&nlaidx=5>

By Jonathan Romeo

The U.S. Trustee's Office is challenging cryptocurrency company Genesis
Global's Chapter 11 plan, arguing it would improperly pay certain legal
fees without court approval, include overbroad releases and allow for an
"impermissible backdoor third-party release."

 Response attached | Read full article »
<https://www.law360.com/fintech/articles/1791798?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-01-31&read_more=1&nlsidx=0&nlaidx=5>
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