Genco Shipping & Trading Limited Bankruptcy New Filing Alert: Objection To The Motion For The Appointment Of An Official Equity Securityholders’ Committee

On June 13, 2014, an objection to the motion for the appointment of an official equity securityholders’ committee was filed in the bankruptcy case of Genco Shipping & Trading Limited and its affiliates.

The filing was assigned docket number 291 and is described on the court’s official docket as follows:

Objection to Motion of Debtors for an Order (A) Disbanding the Official Committee of Equity Holders, or (B) Limiting the Fees and Expenses Which May be Incurred by Such Committee, (related document(s)[153]) filed by Andrew D. Velez-Rivera on behalf of United States Trustee. with hearing to be held on 6/24/2014 (check with court for location) (Velez-Rivera, Andrew)

Genco Shipping & Trading Limited filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 21, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 14-11108. The bankruptcy case is currently assigned to United States Bankruptcy Judge Sean Lane. The law firm of Kramer Levin Naftalis & Frankel LLP is acting as lead bankruptcy counsel to Genco Shipping & Trading Limited in the bankruptcy case.

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