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Genesis Bankruptcy Judge Extends Mediation Period Between Genesis and Creditors.

At a bankruptcy hearing on Monday, Judge Sean Lane of the U.S. Bankruptcy Court raised concerns about the part Genesis’ parent company Digital Currency Group (DCG) would play in the lender’s restructuring and extended a mediation period between the lender and its creditors.

The time of mediation, which was supposed to end last month, will now end on June 16. On May 1, when earlier this year’s negotiations between the parties failed, Judge Lane appointed a mediator to lead conversations between the insolvent lender and its creditors. CoinDesk’s parent company is the Digital Currency Group.

In relation to [bankruptcies], there are many different types of dialogues that need to take place, Judge Lane stated during the hearing. The difficulty is that you can’t negotiate every issue at once, of course.

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