Pages from Motion to Dismiss - Kirschner v. JPMorgan Chase

The attached document is the motion to dismiss in Kirschner v. JPMorgan Chase, a case that considers whether the origination and distribution of the Millennium Laboratories “Term Loan B” is subject to state (and, effectively, federal) securities laws.

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Motion-to-Dismiss-Kirschner-v.-JPMorgan-Chase.pdf

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The Kirschner Case: This is the End

The Supreme Court denied Kirschner's petition for certiorari, finally ending the case. As LSTA's Elliot Ganz explains, this cements that syndicated loans are not securities,…