Mealey's Bankruptcy - Genco Committee: Hearing To Confirm Reorganization Plan Should Be Postponed

NEW YORK - The Official Committee of Equity Security Holders in the Chapter 11 bankruptcy of Genco Shipping & Trading Ltd. on May 13 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York opposing the hearing on the disclosure statement for the company's Chapter 11 plan, contending that "it is a non-consensual plan designed to cram down the equity security holders" (In Re: Genco Shipping & Trading Ltd., No. 14-11108, Chapter 11, S.D. N.Y. Bkcy.).

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