Northern District Of California news and trends

Class-Action Lawsuit Alleges Silicon Valley Bank Didn’t Disclose Risk

March 13, 2023
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Class-Action Lawsuit Alleges Silicon Valley Bank Didn’t Disclose Risk

March 13, 2023
A lawsuit alleges that Silicon Valley Bank’s parent company did not disclose risk to investors. The class-action complaint alleges that because of failure to disclose risk, the plaintiffs were damaged when SVB Financial Group sold its securities at “artificially inflated prices” and later released an “alleged corrective disclosure.” The suit was filed Monday (March 13) […]