Ryan B. Hunsaker

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Second Circuit's Holding That Syndicated Loan Notes Are Not Securities Stands; U.S. Supreme Court Denies Petition For Writ Of Certiorari In Kirschner

Mar 15, 2024 | mondaq.com | David A. Sakowitz |Michael Blankenship |J. Eric Johnson |Ryan B. Hunsaker

On February 20, 2024, the United States Supreme Court denied a petition for writ of certiorari1 and declined to review the 3-0 decision of the United States Court of Appeals for the Second Circuit (the Second Circuit) in Kirschner v. JP Morgan Chase Bank, N.A.,2 which held that certain syndicated loan notes were not securities. By refraining from hearing the case, the Supreme Court left the Second Circuit's decision in place.

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