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Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan

“The record here clearly establishes that there is not sufficient value in the Debtors’ estates to provide DCG a recovery as equity holder after unsecured creditors are paid,” Judge Sean Lane wrote in the filing. “Given the size of the creditor claims, DCG is out of the money as an equity holder by billions of dollars, even if the Court valued creditor claims using the method DCG proposes.”

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