Digital Money Group (DCG) is opposing a proposed settlement between subsidiary Genesis and the New York Attorney General’s Office, Wu reported. Genesis Global reached an agreement with the Attorney General’s Office earlier this month to resolve allegations that it defrauded investors, but its parent company claims that this is not a proper settlement. In its opposition filed with the U.S. Bankruptcy Court for the Southern District of New York, DCG argued that Genesis “cannot take value from lower class creditors under the guise of a ‘settlement’ and redistribute it to senior creditors in violation of absolute priority.” DCG’s opposition was supported by Jason Brown, former co-chief deputy of the Attorney General’s Office and a former senior federal prosecutor in New York, who claimed in court documents that the details of the settlement may not have been properly finalized.