Skilled Securities Fraud Lawyers
Did You Suffer SVB Financial Group Investor Losses?
With Silicon Valley Bank Collapse, Our Skilled Securities Fraud Lawyers Are Investigating Brokerage Firms That May Have Made Misrepresentations
Just days after Silicon Valley Bank collapsed and was taken over by US banking regulators, sources report that parent company SVB Financial Group (SIVB: NASDAQ) may mull bankruptcy. Already, the latter saw its share price plunge by over 60%, and two of its top executives, CEO Greg Becker, and CFO Daniel Becker, are being sued by investors who are alleging securities fraud. The proposed class action lawsuit is accusing the defendants of concealing that rising interest rates posed a risk to the banking unit.