JPMorgan’s Leveraged-Loan Appeal Win Risks Supreme Court Review

A bankruptcy trustee in a court case with the power to upend the roughly $1.4 trillion leveraged loan market plans to ask the US Supreme Court to take up the case after losing an appeal in August.

The Supreme Court gave the trustee, Marc Kirschner, until Dec. 19 to seek review, according to high court’s online docket. The court earlier this month extended Kirschner’s deadline after he requested the extra time, citing among other factors the hiring of new legal counsel, law firm MoloLamken.

The appeal would follow a widely watched ruling won by JPMorgan Chase & Co. and ...