United States: Second Circuit Holds That The Syndicated Term Loans In Kirschner Are Not Securities - Proskauer Rose LLP

United States: Second Circuit Holds That The Syndicated Term Loans In Kirschner Are Not Securities - Proskauer Rose LLP

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On August 24, 2023, the Second Circuit Court of Appeals issued its much-anticipated decision in Kirschner v. JP Morgan Chase Bank, holding that the syndicate term loans at issue were not securities.

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