August 22, 2023
A law firm representing Silicon Valley Bank in a $73 million private equity fraud coverage dispute must withdraw as counsel or face a motion to disqualify, the Federal Deposit Insurance Corp. told a North Carolina federal court.
March 30, 2023
A North Carolina federal court granted a stay in a dispute over whether Silicon Valley Bank has coverage for $73 million in losses stemming from its extension of credit to a private equity fund fraudster, allowing the bank's recently appointed receiver time to read up on the case.