In a win for banks and private credit lenders, the U.S. Court of Appeals, Second Circuit recently ruled a $1.8 billion leveraged loan was not a security.
The United States syndicated loan market had been anxiously...more
9/28/2023
/ Amicus Briefs ,
Appeals ,
Banks ,
Chapter 11 ,
Department of Justice (DOJ) ,
False Claims Act (FCA) ,
Hedge Funds ,
Institutional Investors ,
Lenders ,
Leveraged Loans ,
Mutual Funds ,
Reves v Ernst & Young ,
SCOTUS ,
Securities ,
Securities and Exchange Commission (SEC) ,
Syndicated Loans ,
U.S. Treasury
The past week delivered three major shocks to the financial and tech worlds: first, the March 8 failure of Silvergate Bank; second, the sudden, March 10 failure of Silicon Valley Bank (“SVB”); and third, the weekend collapse...more