Expired
Lead Plaintiff Deadline
May 12, 2023
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The filed complaint alleges that SVB Financial Group made materially false and/or misleading statements and/or failed to disclose that: (1) the Company failed to disclose to investors the risks presented by impending rising interest rates; (2) the Company failed to disclose to investors that, in an environment with high interest rates, SVB would be worse off than banks that did not cater to tech startups and venture capital-backed companies; (3) the Company failed to disclose that, if its investments were negatively affected by rising interest rates, it was particularly susceptible to a bank run; (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.
In order to be eligible to join the SIVBQ class action lawsuit, you must have incurred a loss on shares of SVB purchased during the class period listed above.
If you suffered a loss in SVB during the relevant time frame or pursuant to the relevant offering(s), you have until May 12, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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