RK&O Client Alert: Arranger Liability in the Loan Market

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May 16, 2019

Lawyers and credit traders alike are carefully watching the outcome of Kirschner v. J.P. Morgan Chase Bank, a case that questions several important legal assumptions about loans and the evolution of the modern syndicated loan market.  At issue is whether an arranger of a syndicated loan may be held liable for alleged misstatements and omissions contained in offering materials provided to a syndicate of lenders.

In this client alert, RK&O attorneys Jon Kibbe, Julia Lu and Rachel Mechanic address key questions about the proper legal classification of “syndicated loans,” as well as the emerging operations and structure of the modern loan market that are front-and-center in this case.  

Click here to read the client alert.


Kirschner, v. JP Morgan Chase Bank, N.A. et al Docket Sheet

Plaintiff's Memorandum of Law in Opposition to LSTA and Bank Policy Institute

Reply Memo of Law in Support of LSTA and Bank Policy Institute