Genesis Creditor Group Opposes ‘Wholly Insufficient’ DCG Deal

“DCG’s contribution to the estate in satisfaction of creditor claims is wholly insufficient to satisfy even the uncontested loan amounts due, let alone, the valuable estate claims assertable by creditors against DCG and its directors and officers, including Barry Silbert,” a group of Genesis lenders said in a filing to the Bankruptcy Court in the Southern District of New York.

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