Jeffrey Morlend

Jeffrey Morlend

Sullivan & Worcester

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Are Syndicated Term Loans Securities? The Second Circuit Says No.

On August 24, 2023, the Second Circuit Court of Appeals determined in the highly anticipated case, Kirschner v. JP Morgan Chase Bank N.A., et al., that syndicated term loans are not securities. The Court upheld the district...more

9/1/2023  /  Bank Loan Markets , Loan Syndication and Trading Association (LSTA) , Loans , Securities , Securities Regulation , Security Agreements , Syndicated Loans
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