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Securities Syndicated Loans Banks

Harris Beach PLLC

Syndicated Loans are Not Securities

Harris Beach PLLC on

The U.S. Supreme Court declined to hear an appeal of the Second Circuit Court of Appeals’ ruling in Kirschner v. JP Morgan Chase Bank. Last August, the Second Circuit Court of Appeals held in Kirschner that syndicated term...more

Harris Beach PLLC

Syndicated Loans are Not Securities, Court Rules

Harris Beach PLLC on

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

Lowenstein Sandler LLP

Kirschner v. JPMorgan Chase Bank: Case Update

Lowenstein Sandler LLP on

In a previous post, we discussed Kirschner v. JPMorgan Chase Bank, an action in which the trustee of bankrupt Millennium Labs brought state law securities fraud claims on behalf of a group of “approximately 400 mutual funds,...more

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