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US Supreme Court Declines to Review Ruling that Syndicated Loans Are Not Securities | White & Case LLP

The order marks the end of the Kirschner case, which had threatened to expand US securities regulation to syndicated loans. The US Supreme Court has denied a petition.

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Supreme Court Denies Certiorari in Kirchner Case

Supreme Court Denies Certiorari in Kirchner Case
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In-Securities: What Happens When Investors In An Important Market Are Not Protected? Remarks To The Center For American Progress, SEC Commissioner Caroline A Crenshaw, Washington D C , Oct 11, 2023

In-Securities: What Happens When Investors In An Important Market Are Not Protected? Remarks To The Center For American Progress, SEC Commissioner Caroline A Crenshaw, Washington D C , Oct 11, 2023
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Second Circuit Rules That Syndicated Loans Are Not

On August 24, 2023, the U.S. Court of Appeals for the Second Circuit in Kirschner1 unanimously held that notes evidencing syndicated loans2 do not plausibly qualify as "securities" covered.

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Second Circuit Confirms Syndicated Loans Are Not Securities

Second Circuit Confirms Syndicated Loans Are Not Securities
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