Wed 12/20/2023 13:14 PM
Relevant Document:
Complaint
SVB Financial Group, or SVBFG, filed a complaint yesterday, Tuesday, Dec. 19, in the Northern District of California challenging the FDIC-C’s
administrative denial of its demand to recover
approximately $1.93 billion of account funds formerly held in accounts at Silicon Valley Bank, or SVB. The complaint parallels the debtor’s
turnover complaint in its chapter 11 case. In both suits, the debtor asserts that it is entitled to its full deposit account...
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