JOURNAL ARTICLE

Supreme Court Grants More Time for Appeal of Case Challenging Leveraged-Loan Market.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Carpenter, Scott 3 of 3

Abstract

The US Supreme Court has granted more time for the appeal of a case challenging the leveraged loan market. The bankruptcy trustee, Marc Kirschner, plans to ask the Supreme Court to review the case after losing an appeal in August. The appeal follows a ruling by the 2nd US Circuit Court of Appeals, which stated that a leveraged loan taken out by Millennium Health was not a security. The Supreme Court receives thousands of petitions each year but only takes a fraction of them, typically focusing on cases with conflicting decisions or broad public importance. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/11, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2023
  • Accession Number:173895540
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