Genesis Global Holdco, LLC

  1. August 12, 2024

    Byju's Dodges Dismissal, Crypto Updates, SunPower Filing

    The U.S.-based affiliate of Indian educational technology giant Byju's avoided the dismissal of its Chapter 11 case in Delaware, a subpoena for cellphone records from former bankruptcy judge David R. Jones was quashed, and a $2 billion bankruptcy from a residential solar technology company was filed. This is the week in bankruptcy

  2. August 06, 2024

    Genesis Seals Deal To End $600M Dispute With DCG

    Defunct cryptocurrency services company Genesis Global on Tuesday ended a $600 million dispute with its parent company Digital Currency Group while saying it hopes other litigation against DCG can add to the $3 billion in assets it returned to customers last week.

  3. June 25, 2024

    Genesis Global Strikes $40M Deal With Unnamed Customer

    Attorneys representing defunct cryptocurrency services company Genesis Global told a New York bankruptcy court Tuesday an anonymous customer agreed to pay it $40 million to resolve their dueling claims over a loan.

  4. June 03, 2024

    WeWork Plan Approval, Crypto Update, Giuliani Creditor Fight

    Office space provider WeWork's plan to wipe out $4 billion in debt and end its Chapter 11 case was approved, defunct crypto lending platform Genesis Global Holdco LLC expects to exit bankruptcy in July and the official committee of unsecured creditors in Rudy Giuliani's Chapter 11 has asked a New York bankruptcy judge to hand control of the Republican firebrand's estate to a trustee.

  5. May 30, 2024

    Crypto Lender Genesis On Track To Exit Ch. 11 In July

    Attorneys for Genesis Global Holdco LLC told a New York bankruptcy judge Thursday that the defunct crypto lending platform expects to exit bankruptcy in July and has laid groundwork to help it quickly kick off creditor distributions under its liquidation and wind down Chapter 11 plan.

  6. May 29, 2024

    Gemini Returns $2.2B Of Crypto From Genesis Ch. 11

    Crypto Exchange Gemini and bankrupt former crypto lender Genesis Global Holdco LLC returned $2.18 billion worth of digital assets Wednesday to 232,000 users of an interest-accruing lending program, Gemini Earn, that have been locked up since Genesis had filed for Chapter 11 protection in early 2023.

  7. May 20, 2024

    Red Lobster Filing, Giuliani Deal, New Jersey's Rise As Venue

    Seafood restaurant chain Red Lobster filed for bankruptcy in Florida with $294 million in funded debt after a failed "endless shrimp" promotion, Rudy Giuliani and two election workers who sued him for defamation said they were close to a deal to resolve a lawsuit filed in his bankruptcy case, and a top New Jersey judge disclosed the Garden State was the second-busiest bankruptcy venue over the past year.

  8. May 20, 2024

    Genesis, Curo Get Ch. 11 Plans OK'd At Different Speeds

    Two major Chapter 11 cases won confirmation last week on very different timelines, with crypto lender Genesis Global Holdco LLC finally on an exit path after more than a year and consumer lender Curo Group Holdings Corp. gaining court approval less than two months after it filed for bankruptcy.

  9. April 22, 2024

    Subchapter V Report, Express Hits Ch. 11, NY Diocese Fallout

    The American Bankruptcy Institute held its annual spring meeting last week, where a task force on Subchapter V presented its report and recommendations on small-business bankruptcy filings, and clothing retailer Express Inc. landed in Chapter 11 with more than $1 billion in debt.

  10. April 16, 2024

    Genesis To Return $2B Of Crypto Under Gemini Settlement

    Bankrupt crypto lender Genesis will return 97% of digital assets from a customer program with crypto platform Gemini by early May after a New York bankruptcy judge on Tuesday approved a settlement that attorneys for Genesis said closes out bitter disputes and sets it up to repay other creditors under a Chapter 11 plan.