On October 17, the Delaware Supreme Court held that JP Morgan (JPM) terminated its security interest in all of the collateral provided by General Motors (GM) in support of a $1.5 billion loan, despite ...
In 2006, General Motors Corporation (“GM”) entered into a $1.5 billion secured term loan with a syndicate of financial institutions. To perfect certain of the security interests granted to the lenders ...
Delaware courts do not have jurisdiction over a business entity if the entity’s only action in the state is the filing of a Uniform Commercial Code financing statement unless there is a nexus between ...
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