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Today’s hearing on Genesis’s exclusivity motion might be held before Judge Lane at 2pm ET. Details for attending the hearing might be posted to this web page once they are made obtainable. Subsequent week, the evidentiary hearing on approval of Genesis’s agreement to permit FTX a $175 million claim will be held on September 18th at 10am ET. Next week, a listening to on Three Arrows Capital’s overseas representatives’ movement to switch the automated stay to permit it to litigate its claims in its separate insolvency proceedings might be held on September 26th at 2pm ET.
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For extra details on the Plan approval and affirmation process, please check with the FAQs posted in the December thirteenth replace, under. The declare would be subordinated to all different allowed administrative bills and secured, precedence, and general unsecured claims, meaning the SEC won’t obtain a distribution from the Genesis estate except all other creditors are first made entire. The U.S. Trustee and SOF Worldwide, LLC, have filed objections to Plan affirmation. Details for attending the listening to might be posted right here once they turn out to be out there.
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- We expect initial distributions — roughly 97% of the digital assets owed to you as of the suspension date (November sixteen, 2022) — will occur by early June.
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