SVB Financial Group et al v. Federal Insurance Company et al

  1. September 21, 2023

    FDIC Moves To Boot SVB Parent's Atty In Fraud Coverage Row

    The Federal Deposit Insurance Corp. urged a North Carolina federal court to disqualify Farella Braun & Martel LLP as counsel for the Silicon Valley Bank's holding company in a $73 million private equity fraud coverage dispute, saying material adversity exists between the company and the FDIC as the failed bank's receiver.

  2. August 22, 2023

    FDIC Seeks To Kick SVB Attys From Fraud Coverage Dispute

    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.

  3. March 30, 2023

    SVB Gets Stay In $73M Private Equity Fraud Coverage Dispute

    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.