FDIC Plans To Sue Silicon Valley Bank And Holding Company Directors And Managers
By EsqSocial Corporation 24/12/24
Last week Kevin M. LaCroix reported that the Board of Directors of the Federal Deposit Insurance Corporation had voted unanimously to approve the staff’s request for authorization to file a suit against six former officers and 11 former directors of Silicon Valley Bank and its holding company, SVB Financial Group. I wasn't surprised because over a year ago, I had pondered whether the possibility of litigation against the bank's directors and officers. At the time, I observed that the...
By: Allen Matkins