Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report

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Shareholders filed the lawsuit in federal court in San Jose, California.

A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis.

on March 13 that many Silicon Valley Bank shareholders alleged fraud from the bank and chief executive officer Greg Becker and chief financial officer Daniel Beck. The lawsuit would likely be one of the first filed in court since California regulators shut down the bank on March 10, leading to USD Coin (

 

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The lawsuit would likely be one of the first filed in court since California regulators shut down the bank on March 10, leading to USD Coin (USDC) temporarily depegging from the dollar...

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