UCCGenesis

On Friday (August 2), the Genesis Plan went into effect and initial distributions were completed as set forth in the linked Notice of Effective Date: restructuring.ra.kroll.com/genesis/Home-D…

The Bankruptcy Court has published its decision approving the Genesis chapter 11 plan, which can be accessed here: tiny.cc/Genesisdecision

Reminder that the deadline to vote on the Genesis Plan is this coming Wednesday, January 10, at 4:00pm (ET). The E-Ballot portal is live and here are instructions on how to submit your E-ballot: tinyurl.com/db3azxjr

The deadline to vote on the Genesis Plan is January 10. The E-Ballot portal is now live and here are instructions on how to submit your E-ballot: tinyurl.com/db3azxjr

The deadline to submit nominations is December 6.

On November 28, the Court approved the Disclosure Statement. The Plan contemplates selection of members of the Wind-Down Oversight Committee and Litigation Oversight Committee by December 29.

If you are a Genesis creditor and would like to nominate yourself or another creditor to serve on either of these committees, please review the attached nomination procedure: cases.ra.kroll.com/GenesisCredito…

These committees are tasked with overseeing the wind down and litigation after the Plan goes into effect.

The Debtors just filed a notice adjourning the disclosure statement hearing to October 24 at 11:00 am (ET), with objections due October 17 at 4:00 pm (ET).

Thank you to all creditors who attended our case update presentation. Here is the link to the recorded presentation: event.webcasts.com/viewer/event.j…

Tune in to the first Genesis UCC Townhall, September 7 (Tomorrow) at 11:00 am ET on Zoom Webinar (format changed from Twitter Spaces to optimize experience) Please use the link below. The session will be recorded for those who cannot join live.  whitecase.zoom.us/j/98263337954

During this townhall, the UCC and its advisors will explain the agreement in principle published on August 28 and provide some additional insight on the plan process.

Mediation terminated last Wednesday and the Debtors have reported the outcome here: tinyurl.com/bde8wt6k

For information regarding the third-party security incident at Kroll, the Debtors’ claims agent, as well as steps you can take to help protect yourself against misuse of claimants’ personal data, please refer to the following notice filed on the docket: tinyurl.com/3uv9ydcm

Genesis has further adjourned the hearing to consider the adequacy of information in its disclosure statement to September 6 at 2:00 pm (ET) and extended the deadline to object to August 28 at 4:00 pm (ET).

The names, physical addresses, and e-mail addresses of both individual and institutional lenders will be redacted.  The redaction was granted under section 107(b) (as confidential commercial information) and not under Section 107(c).

A copy of the Bankruptcy Court’s decision can be found here: tinyurl.com/4w2b3m6a

Yesterday, the Court granted the Committee’s and Genesis’s motions to redact the names, addresses, and contact information of both individual and institutional lenders of Genesis in the cases, finding that such information is confidential commercial information.

@crypto_equality The court granted the redaction relief under section 107(b) of the Code. The paragraph you note is simply the Court clarifying that the relief is not appropriate under Section 107(c).

@genesis_ucc That is not what the ruling says. "The Court cannot, however, extend the same protections under Section 107(c) for the information of the Institutional Lenders." Institutions are not "individuals "

Check out the UCC’s summary of yesterday’s hearing in the Genesis case: cases.ra.kroll.com/GenesisCredito…