Criminal,
Banking
Mar. 14, 2023
Shareholder accuses Silicon Valley Bank of fraud in lawsuit
Four days after a multibillion run on Silicon Valley Bank, a shareholder filed a proposed class action in federal court in San Jose on Monday alleging fraud by the bank and two of its top executives.
The phrase “Silicon Valley speed” has usually been invoked to describe the pace of innovation in the world’s most famous technology hub. But on Monday, it more aptly applied to litigation.
Just four days after a multibillion run on Silicon Valley Bank, a shareholder filed a proposed class action in federal court in San Jose on Monday alleging fraud by the bank and two of its top executives. The litigation is unlikely to end there. Several o...
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