Genco Shipping & Trading Limited Bankruptcy New Filing Alert: Opinion Regarding Plan Of Reorganization

On May 16, 2014, an opinion regarding plan of reorganization was filed in the bankruptcy case of Genco Shipping & Trading Limited and its affiliates.

The filing was assigned docket number 187 and is described on the court’s official docket as follows:

Memorandum Opinion Signed On 5/16/2014, Granting Debtors’ Motion For Entry Of An Order (A) Authorizing The Assumption Of The Restructuring Support Agreement; (B) Approving Payment Of The Termination Fee; And (C) Granting Related Relief. (related document(s)[13], [47], [155]) (Ebanks, Liza)

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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