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…
