SVB Financial Group v. Federal Deposit Insurance Corporation

  1. August 09, 2024

    SVB's $1.9B FDIC Suit Won't Open 'Floodgates,' Judge Says

    A California federal judge trimmed claims from the parent of Silicon Valley Bank's lawsuit against the Federal Deposit Insurance Corp. seeking $1.93 billion, but rejected the agency's arguments that allowing some claims to move forward will "open the floodgates" for every failed bank's uninsured depositors to bring a claim.

  2. 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.

  3. 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.