Genesis Seeks Court docket Approval to Pay $33M to Settle $1B 3AC Claims

by Jeremy

“The 3AC Debtor shall obtain an allowed common unsecured declare towards Genesis within the quantity of $33,000,000 in full and full satisfaction of the greater than $1 billion {dollars} in claims asserted towards every of the Genesis Debtors,” the doc mentioned, including that the settlement will “mutually launch one another from legal responsibility.”

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