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Syndicated Term Loans Are Not Considered "Securities"—For Now

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

Marc Kirschner , Jp Morgan , Millennium Health Llc Inc , Jp Morgan Chase Bank , Ernst Young , Us Supreme Court , District Court , Second Circuit , Confidential Information Memorandum , Hedge Act , Securities Acts , Chase Bank ,