Kirschner: The Second Circuit Rules that Term Loans Are Not Securities
In a huge win for the loan market, the 2nd Circuit just ruled in the Kirschner case that syndicated term Loans are not securities.
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SEC Requests Another Extension in Kirschner
The SEC asked for (and received) yet another extension of its deadline to submit a brief on its view of whether the Term Loan in…
The SEC on the Kirschner Case: We Need More Time
The SEC has asked for more time before responding to the 2nd Circuit’s request for its views on whether loans are securities. The LSTA’s Elliot…
Are Loans Securities? Oral Argument in Kirschner is Set
The U.S. Court of Appeals for the 2nd Circuit scheduled oral argument for March 9, 2023 in a case that will decide whether syndicated Term…
A Look at Regulatory and Judicial Threats to the Market
LSTA general counsel Elliot Ganz identifies two threats to the loan market coming from two different sources: A new brief in the appeal of the…
Are Loans Securities: The Next Chapter?
Are Syndicated Term Loans Securities? A District Court in New York said no. Now, as LSTA GC Elliot Ganz explains, it may be time for…
Kirschner v. JP Morgan: A Deep Dive
On Wednesday, June 4th, the LSTA hosted a webinar that delved into the recent decision in the critical Kirschner v. JP Morgan Chase litigation.
The Kirschner Case Presentation
In a decision of great importance to syndicated loan market, Judge Paul Gardephe of the Southern District of New York recently ruled that syndicated institutional…
The Kirschner Case Webcast Replay
In a decision of great importance to syndicated loan market, Judge Paul Gardephe of the Southern District of New York recently ruled that syndicated institutional…
Motion to Dismiss in 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…
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