![United States: Recent Second Circuit Decision Holds That Term Loans Are Not Securities In A Win For Participants In The Syndicated Loan Markets - Morrison & Foerster LLP](https://cdn.newsserve.net/ONPglobe256.png)
United States: Recent Second Circuit Decision Holds That Term Loans Are Not Securities In A Win For Participants In The Syndicated Loan Markets - Morrison & Foerster LLP
In Kirschner, the Court of Appeals for the Second Circuit unanimously affirmed a district court order that held that notes evidencing term loans were not securities...
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