Court Confirms Genesis’s Chapter 11 Plan and Approves NYAG Settlement, Maximizing Recoveries for Creditors

NEW YORK--(BUSINESS WIRE)--Genesis Global Holdco, LLC (“GGH”), Genesis Global Capital, LLC (“GGC”) and Genesis Asia Pacific Pte. Ltd. (“GAP”, together with GGH and GGC, “Genesis” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of New York (the “Court”) has confirmed the Company’s amended Plan of Reorganization (the “Plan”), as well as approved the previously announced settlement agreement with the New York State Office of the Attorney General