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Particulars for attending the affirmation listening to will be posted on this page as quickly as they’re made available. The Amended Plan displays changes essential to resolve potential objections to confirmation – including those by Gemini – and makes other clarifying adjustments within the interest of collectors, together with Earn users. The Chapter Court will contemplate approval of the NYAG settlement on Monday, February twenty sixth, prior to the Plan confirmation matters. Returning your property remains our highest priority and we really respect your persistence and support whereas we continue to advance this course of. Updates regarding restoration amounts and timelines shall be posted to this page as they turn into obtainable. Details for attending closing arguments shall be posted on this page once they are made out there.
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While Gemini recommends that Earn customers vote to merely accept the Plan, Earn customers must make their own impartial dedication as as to if the Plan is acceptable. The deadline to vote to merely accept or reject the Plan is January 10, 2024, at 4pm EST. Whereas Gemini will proceed to tirelessly fight for Earn customers to be paid in full, we believe that a vote to accept the Plan is in the best interest of Earn users. Judge Lane will resolve on the motions to dismiss prior to the plan confirmation listening to, which continues to be scheduled for February 14, 2024. The Court indicated that it might concern a written opinion on the Additional Collateral prior to the plan confirmation listening to. Gemini’s grievance also alleges that Earn customers are entitled to important additional distributions from the Genesis bankruptcy, and the pending litigation between Gemini (as agent on behalf of Earn users) and Genesis will decide the magnitude of the Earn users’ recovery.