{"id":209915,"date":"2023-02-07T13:07:23","date_gmt":"2023-02-07T05:07:23","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=209915"},"modified":"2023-02-07T13:07:23","modified_gmt":"2023-02-07T05:07:23","slug":"genesis-reaches-agreement-in-principle-with-dcg-and-key-creditors-on-a-global-resolution-that-optimizes-outcome-for-clients-and-stakeholders","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=209915","title":{"rendered":"Genesis Reaches Agreement in Principle with DCG and Key Creditors on a Global Resolution that Optimizes Outcome for Clients and Stakeholders"},"content":{"rendered":"\n<p><strong>NEW YORK, Feb 7 (Bernama-BUSINESS WIRE) &#8212;&nbsp;<\/strong>Genesis Global Holdco, LLC (\u201cGenesis\u201d \u201cGGH\u201d or the \u201ccompany\u201d) today announced that it has reached an agreement in principle among Digital Currency Group (\u201cDCG\u201d) and the ad hoc groups of creditors of Genesis Global Capital, LLC (the \u201cAd Hoc Groups\u201d) which, in the aggregate, hold or represent more than $2 billion in asserted claims.<\/p>\n\n\n\n<p>The agreement in principle lays out a framework for a global resolution that will maximize value for all Genesis clients and stakeholders.<\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=45360\" data-type=\"URL\" data-id=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=45360\">http:\/\/mrem.bernama.com\/viewsm.php?idm=45360<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Feb 7 (Bernama-BUSINESS WIRE) &#8212;&nbsp;Genesis Global Holdco, LLC (\u201cGenesis\u201d \u201cGGH\u201d or the \u201ccompany\u201d) today announced that it has reached an agreement in principle among Digital Currency Group (\u201cDCG\u201d) and the ad hoc groups of creditors of Genesis Global Capital, LLC (the \u201cAd Hoc Groups\u201d) which, in the aggregate, hold or represent more than [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/209915"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=209915"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/209915\/revisions"}],"predecessor-version":[{"id":209916,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/209915\/revisions\/209916"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=209915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=209915"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=209915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}