June 16, 2025
A California federal judge has rejected three bids to dismiss a proposed shareholder class action against Silicon Valley Bank's brass, underwriters and auditor stemming from the bank's 2023 failure, finding the plaintiffs' "well-pleaded" allegations can continue.
March 20, 2023
Orrick Herrington & Sutcliffe LLP attorneys will represent the embattled former CEO of Silicon Valley Bank in shareholder actions launched on the heels of the bank's stunning failure.
March 13, 2023
Silicon Valley Bank on Monday was slapped with what appeared to be the first proposed shareholder class action over the bank's collapse, with investors claiming that SVB and its executives knew rising interest rates could make it "particularly susceptible to a bank run," but opted to hide that knowledge.