SVB Financial Group

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Case overview

Case Number:

1:23-bk-10367

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

November 15, 2024
Under The Radar: Bankruptcy News You May Have Missed

A New York bankruptcy judge denied retail creditors to Celsius Network discovery into the crypto lender's bankruptcy plan administration, Johnson & Johnson's talc unit bit back at efforts to dismiss its Chapter 11 case, and the Archdiocese of New Orleans established non-monetary child protections with its unsecured creditors. Here are some bankruptcy stories that may have slipped past you this week.
October 01, 2024
Judge Sends SVB Ch. 11 Appeal To 2nd Circ. In FDIC Row

A New York federal judge ruled that the former parent of Silicon Valley Bank can appeal directly to the Second Circuit, bypassing a district court as SVB challenges a bankruptcy judge's ruling that federal regulators have standing to object to its Chapter 11 plan.
August 12, 2024
SVB Ex-Owner And Creditors Appeal FDIC Standing In Ch. 11

The former parent company of Silicon Valley Bank and its creditors said they plan to challenge a New York bankruptcy judge's decision that federal regulators who seized $1.9 billion from SVB Financial Group bank accounts had standing to object to its Chapter 11 plan.
August 05, 2024
SVB Ex-Parent's Ch. 11 Plan OK'd With $1.9B FDIC Fight Alive

Silicon Valley Bank's former owner received a New York bankruptcy court's blessing to liquidate and emerge from Chapter 11, but the judge rejected portions of the plan that federal regulators argued would hamper their defense against SVB Financial Group's efforts to recoup some $1.9 billion seized by an FDIC receiver when the bank collapsed.
July 25, 2024
SVB Caymans Branch Liquidators Seek $294M Clawback

The liquidators of the Cayman Islands arm of Silicon Valley Bank asked a New York bankruptcy judge to claw back a $294 million dividend paid in 2022 to the bank's now-bankrupt parent company, saying Silicon Valley was already a "ticking time bomb."
July 24, 2024
Failed Bank, FDIC Continue Fight Over $1.9B Account Claims

A New York bankruptcy judge on Wednesday heard arguments on the Chapter 11 plan of the parent company of the failed Silicon Valley Bank, alongside separate arguments on the fate of $1.9 billion in funds currently in the hands of federal banking regulators.
July 22, 2024
SVB Postpones Ch. 11 Plan Hearing To Wednesday

The former parent of the failed Silicon Valley Bank has postponed the start of the New York bankruptcy court hearing on its Chapter 11 plan until Wednesday morning.
July 19, 2024
SVB, FDIC Head For Standing Clash At Ch. 11 Plan Hearing

The former parent of Silicon Valley Bank and federal banking regulators have dueling arguments regarding standing queued up, as they're scheduled to take their dispute over $1.9 billion in assets into a confirmation hearing for the company's liquidation plan before a New York bankruptcy judge on Monday.
July 18, 2024
Judge 'Disappointed' By Atty Prep In SVB Financial Ch. 11 Tiff

A New York bankruptcy judge said he wasn't prepared to decide if joint liquidators of Silicon Valley Bank's Cayman Islands arm have standing to bring a $476 million claim in the Chapter 11 of the bank's former parent company, rebuking lawyers for not adequately briefing key questions ahead of a hearing on Thursday.
June 18, 2024
Rite Aid, SVB Affiliates Among Top 2024 Ch. 11 Sales So Far

Branches of Rite Aid and Silicon Valley Bank, technology and biotech firms and a discount store chain were among the companies that attracted top dollar in the Chapter 11 auctions held during the first half of 2024.

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