Last month, the Takeovers Panel, which has been adjudicating the dispute, sided entirely with Crescent. Sources close to the matter say the tribunal is closing in on a penalty, which is expected within days. Among the penalties being considered would be forcing Genesis, which is led by two former Crescent dealmakers in Michael Caristo and Chris Yoo, to sell their holding in Pacific Smiles or to bar them from voting on it. |