Genesis creditors: NYAG lawsuit proves Genesis knowingly committed deception at the direction of parent company DCG
A direct creditor of Genesis and member of the Fair Deal Group wrote a letter to the bankruptcy judge on Friday, drawing attention to the lawsuit filed against Genesis by the New York Attorney General yesterday. The letter claims that the lawsuit details how Genesis intentionally deceived creditors under the instruction of its parent company DCG. Creditors have told DL News that the NYAG "has done all the hard work for us". It is reported that most Genesis creditors are against the proposed bankruptcy plan.
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