Second Circuit Issues Decision in Kirschner V. JPMorgan: Loans Are Not Securities
By: Madeline Vaughan On August 24, 2023, the US Court of Appeals for the Second Circuit issued a highly anticipated decision in Kirschner v. JPMorgan, affirming the District Court’s decision that a term loan is not a security. Prior to the ruling, this case received significant attention for its potential to disrupt the syndicated loan market … Continued