SVB's Bid To Recoup $1.9B Runs 'Counter To Law,' FDIC Says

By Clara Geoghegan · May 13, 2024, 8:57 PM EDT

The bankrupt former parent company of Silicon Valley Bank can't sue to collect $1.9 billion in deposits held by the Federal Deposit Insurance Corp. when it took receivership over funds after...

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Case Information

Case Title

SVB Financial Group

Case Number

1:23-bk-10367

Court

New York Southern

Nature of Suit

Date Filed

March 17, 2023


Case Title

SVB Financial Group v. Federal Deposit Insurance Corporation, as Receiver for Silicon Valley Bank et al

Case Number

5:24-cv-01321

Court

California Northern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

March 05, 2024