Recent Security Class Actions

SVB Financial Group Common Stock (NASDAQ: SIVB)

Company Name:SVB Financial Group Common Stock
Stock Symbol:NASDAQ: SIVB
Class Period Start:01/21/2021
Class Period End (inclusive):03/10/2023
Filing Deadline:05/12/2023

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material facts. Specifically, the Complaint alleges 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, it 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.