Bankrupt crypto lender Genesis and its creditor group have agreed to meet with a mediator to move forward with its proposed exit from bankruptcy.
Crypto lender Genesis and its key creditor group have agreed to a 30-day mediation process in an attempt to move forward with a final restructuring plan, though one company is expressing"frustration" over the pace of progress.
On April 30, Gemini tweeted that Genesis, its parent company Digital Currency Group , its Unsecured Creditors Committee and Gemini have agreed to a 30-day mediation process in court on April 28. Gemini said its aim is to “drive to a final resolution as soon as possible," and that it was “supportive” of mediation. Gemini, however, added it had “expressed our frustration” regarding “the pace of progress among the parties and the need for urgency.”
2/ Gemini is supportive of mediation and working with the parties to bring this to a conclusion. We have also expressed our frustration on the record on the pace of progress among the parties and the need for urgency. The next status conference with the Court will be on May 4th.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supportive housing project named after civil rights leader Dolores Huerta opens in South LAOn Thursday, Los Angeles dignitaries celebrated the grand opening of a permanent supportive housing project in South Los Angeles.
Read more »
Keke Palmer Just Made Her Red Carpet Return After Welcoming Her First ChildKeke welcomed her first child, a son named Leodis, with fitness instructor Darius Jackson in February.
Read more »
Today’s daily horoscope for April 29, 2023Zodiac signs and horoscopes on 4/29/23 for Aquarius, Pisces, Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn.
Read more »
Today’s daily horoscope for April 30, 2023Zodiac signs and horoscopes on 4/30/23 for Aquarius, Pisces, Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn.
Read more »
Solon High School teacher unexpectedly dies at 40Our hearts break to learn of the tragic and unexpected passing of SolonSchools teacher Crystal Cespedes. Rest in Peace. 🕊️💔 More details
Read more »