“Underneath the settlement, DCG would contribute that entity, [Genesis Global Trading], to [Genesis Global Holdco] … that may occur on the efficient date,” O’Neal mentioned. “Within the meantime, throughout these instances, we’ll truly be advertising and attempting to promote not solely the debtors’ property, but additionally GGT’s as a result of they kind a pleasant package deal, and we consider that by packaging them collectively, we are able to maximize the recoveries to the property.”
