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Crisis Averted: Second Circuit Rejects Effort to Recast Secured Loans as Securities

On August 24, 2023, the Second Circuit prevented turmoil in the commercial lending market, ruling in Kirschner v. JP Morgan Chase Bank, N.A. (JPM), et al. that syndicated secured term loan notes were not securities for...more

8/29/2023  /  Anti-Kickback Statute , Commercial Loans , Creditors , Department of Justice (DOJ) , JPMorgan Chase , Legal History , Qui Tam , Secured Debt , Securities , Syndicated Loans
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