JPMorgan, Leveraged Loans, Win

Posted on 08/24/2023

JPMorgan Chase & Co. was proven correct that a US$ 1.8 billion leveraged loan it offered was not a security by the Second Circuit US Court of Appeals in Manhattan. A securities fraud lawsuit was filed by a trustee for note purchasers in a 2014 deal. Drug testing company Millennium Health soon went bankrupt, leading…

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