Marc S. Kirschner, Solely in His Capacity as Trustee of the Millennium Lender Claim Trust, Petitioner v. JPMorgan Chase Bank, N.A., et al.
Case Number:
23-670
Court:
Nature of Suit:
Firms
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February 20, 2024
Justices Won't Hear JPMorgan Syndicated Loan Dispute
The U.S. Supreme Court decided on Tuesdsay that it will not hear a dispute accusing JPMorgan Chase and other banks of failing to warn noteholders about the risks of lending money to a soon-to-be bankrupt company, keeping the case's dismissal intact after the Second Circuit ruled that the syndicated loan at the center of the case was not subject to securities laws.
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December 19, 2023
Justices Urged To Weigh If Syndicated Loans Are Securities
The U.S. Supreme Court on Tuesday was asked to consider whether the $3 trillion syndicated loan industry should be subject to securities laws after the Second Circuit recently rejected that premise in a case against JPMorgan Chase Bank NA and other banks over their role in a troubled deal.