Court Approval of Genesis Settlement: NYAG's Victory Lap
Tuesday, 21 May 2024, 05:16
Court Approval of Genesis Settlement
The New York Attorney General (NYAG) celebrates as the court approves the settlement with Genesis. This victory marks a significant step in protecting investors and upholding regulatory standards.
Establishment of Investment Fund
- More than $1.1 billion invested in Genesis through the Gemini Earn program will contribute to the fund, benefiting affected New Yorkers.
Restriction on Genesis Operations
- Genesis is now prohibited from operating within the state, ensuring greater financial security for residents.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.