Marc Kirschner News Today

On February 20, 2024, the Supreme Court finally brought the curtain down on the Kirschner v. JPMorgan Chase Bank, N.A. et al., action when it denied Plaintiff's petition for certiorari that challenged the Second Circuit Court of Appeal's determination.

(Bloomberg) -- The US Supreme Court turned away an appeal that might have upended the $1.4 trillion leveraged loan market, leaving intact a legal victory for JPMorgan Chase & Co. and other banks.Most Read from BloombergCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Largest Covid Vaccine Study Yet Finds Links to Health ConditionsYour 401(k) Will Be Gone Within a DecadeStocks Fall Before Nvidia’s Make-or-Break Moment: Markets WrapAmazon Deserves to Be Called Ou...

(Bloomberg) -- The US Supreme Court turned away an appeal that might have upended the $1.4 trillion leveraged loan market, leaving intact a legal victory for JPMorgan Chase & Co. and other banks.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Your 401(k) Will Be Gone Within a DecadeAmazon Deserves to Be Called Out for Swindling UsersA $6 Trillion Wall of Cash Is Holding Firm as Fe...

Market participants are relieved after the Second Circuit recently affirmed the lower courts decision in Kirschner v. JP Morgan Chase Bank, N.A.1 applying the Reves four-part test to conclude...

A recent appellate ruling, Kirschner v. JPMorgan Chase Bank, N.A., rejected the contention that syndicated term loans should be treated as securities, affirming the long-held view by...

In a win for banks and private credit lenders, the U.S. Court of Appeals, Second Circuit recently ruled a $1.8 billion leveraged loan was not a security. The United...

In a highly anticipated decision, the United States Court of Appeals for the Second Circuit affirmed the District Court’s decision in Kirschner v. JP…

(Bloomberg) -- Wall Street’s private equity firms won a reprieve from a regulatory threat that could have upended a debt market they rely on to bankroll billion-dollar buyouts. Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Sinks as Musk Warns of More Blows to ProfitabilityMusk Says Tesla to Sp...

The issue, being weighed by a U.S. appeals court, centers on whether leveraged loans should be considered securities.

(Bloomberg) -- The Securities and Exchange Commission said it is “not in a position to file” a brief giving its view on whether leveraged loans are securities, sidestepping a request to weigh in on a long-running lawsuit that may have major implications for the $1.4 trillion market for risky debt.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMeet the Billionaire Who Convince...