The bank was shut down on March 10, 2023 by government regulators after it was unable to meet its financial obligations. Chief financial officer Daniel Beck and CEO Greg Becker are also named in the lawsuit, which alleges the bank fraudulently concealed information about its holdings.
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SVB Shareholders File Class Action After Bank’s Collapse
In the wake of its collapse, shareholders are suing the parent company of Silicon Valley Bank. So reports Cointelegraph.
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