DCG and Silbert have denied that the promissory note was a sham. In their motions to dismiss, lawyers for DCG and Silbert claimed that the note was fully vetted and binding, adding that, in addition to the note, DCG transferred hundreds of millions of dollars and assets into Genesis to fill the hole in its balance sheet. The tweets reassuring investors of Genesis’ “strong” balance sheet, they argued, were simply “corporate puffery” – not lies.
ABOUT AUTHOR
CATEGORIES
- New home prices in China are falling at their fastest rate since 2015, according to Reuters
- Australia’s Flight Center Travel hits lowest level in over 10 months amid dismal first-quarter profit growth Author: Reuters
- Buffett’s Berkshire continues to reduce its stake in Bank of America
- Tims China Announces Q3 2024 Earnings Date and Conference Call via Investing.com
- Volt Carbon Technologies Announces Executive Resignation via Investing.com
- Buffett’s Berkshire Continues to Reduce Stake in Bank of America According to Reuters
- Brazilian chain Assai lowers estimates for new store openings in 2025, according to Reuters