Tag Archives: Secured Credit

Beyond JPM’s UCC Mistake: How Secured Creditors Are Coming up Short

Recent court rulings should put secured lenders on alert to ensure the security interests they bargain for are enforceable. ABF Journal recently highlighted a notorious case involving JPMorgan Chase’s mistaken release of its UCC financing statements and resulting failure to secure its $1.5 billion loan to General Motors. Rick Antonoff, a partner with Blank Rome, goes beyond JPMC to discuss other surprising rulings.