On August 24, the U.S. Court of Appeals for the Second Circuit affirmed the District Court’s decision in Kirschner v. JPMorgan Chase Bank, N.A., ruling that bank loans are not classified as securities. The court’s latest decision supports previous regulatory practice that syndicated loans are not subject to state and federal securities laws.
Second Circuit Rules Syndicated Loans Are Not Securities
Published on August 25, 2023
Recent News
AI Meets Securitization: From Data to Deal Structuring
April 28, 2026
Spring Homebuying Season Begins with Uneven Thawing
April 10, 2026
March Job Gains Stronger Than Expected
April 10, 2026