Lorin L. Reisner, Audra J. Soloway, Richard C. Tarlowe, Alexis K. Kaufman and Daniel Negless

Paul Weiss Discusses Second Circuit Decision Confirming Syndicated Bank Loan Not a “Security”

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On August 24, 2023, in a highly anticipated decision, the Second Circuit in Kirschner v. JPMorgan Chase Bank, N.A. et al. affirmed dismissal of state-law securities claims because the syndicated term loan in question was not a “security” and therefore …