Government,
Corporate,
Civil Litigation
Jun. 14, 2024
SVB attorneys clash with FDIC over discovery
The FDIC argues that it has different rights and liabilities as a receiver rather than a corporation, while Silicon Valley Bank argues that the FDIC's initial disclosures are based on their assumption that the case will be limited by the judge's ruling on the motion to dismiss.
Attorneys for Silicon Valley Bank, which collapsed last spring in one of the largest bank failures in U.S. history, met with a federal judge on Thursday to discuss discovery disputes in its lawsuits with the Federal Deposit Insurance Corporation, accused on unlawfully withholding nearly $2 billion from the bank.
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