Securities

JPMorgan’s Leveraged Loan Win Survives Supreme Court Appeal

Bankruptcy trustee Marc Kirschner had argued unsuccessfully that syndicated loans, a type of debt product sold to a group of lenders, are subject to regulation as securities.

February 21, 2024

Financial services

JPMorgan Wins Ruling That Leveraged Loans Are Not Securities

Loan notes are not currently considered securities, so a ruling against JPMorgan would have had sweeping ramifications for regulation of the leveraged loan market.

August 24, 2023

Private Equity

Private Equity’s Favorite Debt Market Scores a Win with SEC’s Silence

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

July 20, 2023

Financial services

BlackRock Can’t Wait Forever to Sell Failed Banks’ Assets

The FDIC is paying the Federal Reserve interest on credit lines to hold the securities, and holding the assets for a long time brings other difficulties.

April 7, 2023