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 for certiorari review in the Kirschner case, in which...more
The Bottom Line: On May 22, 2020, the United States District Court for the Southern District of New York concluded that broadly syndicated term loans are not "securities". This decision is highly significant to the US...more
6/2/2020
/ Appeals ,
Blue Sky Laws ,
Collateralized Loan Obligations ,
Coronavirus/COVID-19 ,
Debt Securities ,
Fiduciary Duty ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Lenders ,
Loan Syndication and Trading Association (LSTA) ,
Loans ,
Reves Test ,
Secured Notes ,
Securities ,
Securities Act of 1933 ,
Securities Exchange Act ,
Syndicated Loans