SVB Financial Group v. Federal Deposit Insurance Corporation
Case Number:
5:23-cv-06543
Court:
Nature of Suit:
Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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May 21, 2024
Bankrupt SVB Fights To Keep $1.9B Suit Against FDIC Alive
The bankrupt former parent company of Silicon Valley Bank urged a California federal judge on Tuesday not to toss its suit against the Financial Deposit Insurance Corp. that seeks to get the deposit insurer to return $1.93 billion, saying the FDIC has not fulfilled its obligation to turn over the company's account funds.
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December 20, 2023
SVB Sues FDIC Over $1.9B 'Lawless' Holdback
The bankrupt former parent company of Silicon Valley Bank sued the Federal Deposit Insurance Corp. on Monday in California federal court in its latest bid to get the deposit insurer to return $1.93 billion the company says is being "unlawfully" withheld.