{"id":268,"date":"2020-06-02T18:33:53","date_gmt":"2020-06-02T22:33:53","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/bankinglaw\/?p=268"},"modified":"2020-06-10T18:37:03","modified_gmt":"2020-06-10T22:37:03","slug":"federal-court-rules-that-loans-are-not-securities","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/bankinglaw\/2020\/06\/02\/federal-court-rules-that-loans-are-not-securities\/","title":{"rendered":"Federal Court Rules That Loans Are Not Securities"},"content":{"rendered":"<p>On May 22, 2020, the U.S. District Court for the Southern District of New York ruled in\u00a0<i>Kirschner v. J.P. Morgan<\/i>. The court held that a syndicated term loan is not a \u201csecurity\u201d under state securities laws. Had the court found that loans are securities, such a ruling would have had profound consequences on the leveraged loan market.<\/p>\n<p>To read the full text of this Duane Morris <i>Alert<\/i>, which provides a brief overview of the court\u2019s holding and details the implications on the banking and financial services industry, please <a href=\"https:\/\/www.duanemorris.com\/alerts\/federal_court_rules_that_loans_are_not_securities_0620.html\" target=\"_blank\" rel=\"noopener noreferrer\">visit the firm website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 22, 2020, the U.S. District Court for the Southern District of New York ruled in\u00a0Kirschner v. J.P. Morgan. The court held that a syndicated term loan is not a \u201csecurity\u201d under state securities laws. Had the court found that loans are securities, such a ruling would have had profound consequences on the leveraged &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/bankinglaw\/2020\/06\/02\/federal-court-rules-that-loans-are-not-securities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Federal Court Rules That Loans Are Not Securities&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[221,222,220,219],"ppma_author":[333],"class_list":["post-268","post","type-post","status-publish","format-standard","hentry","category-general","tag-securities","tag-state-securities-laws","tag-syndicated-term-loan","tag-usdc-sdny"],"authors":[{"term_id":333,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/comments?post=268"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/268\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/media?parent=268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/categories?post=268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/tags?post=268"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/ppma_author?post=268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}