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HSBC Urges Court To Ax First Citizens' $1B SVB Secrets Suit

By Bonnie Eslinger · December 21, 2023, 10:58 PM EST

HSBC urged a California federal judge Thursday to toss First Citizens Bank's suit claiming it owes $1 billion for stealing confidential information to poach employees from failed Silicon Valley Bank as...

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Case Information

Case Title

First-Citizens Bank and Trust Company v. HSBC Holdings plc et al

Case Number

3:23-cv-02483

Court

California Northern

Nature of Suit

Defend Trade Secrets Act (of 2016)

Date Filed

May 22, 2023

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