Only FDIC Can Sue Over Signature Bank Collapse, Judge Says

By Rae Ann Varona · March 21, 2025, 11:47 PM EDT

A New York federal judge on Friday tossed a shareholder lawsuit over alleged misstatements about Signature Bank's health ahead of its 2023 collapse, saying shareholders lacked standing to sue in light...

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Case Information

Case Title

Schaeffer v. Signature Bank et al

Case Number

1:23-cv-01921

Court

New York Eastern

Nature of Suit

Securities/Commodities

Date Filed

March 14, 2023