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Deadline on May 12th coming up in Lawsuit for Investors in SVB Financial Group (NASDAQ: SIVB)

04-28-2023 04:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on May 12, 2023 in the lawsuit for certain investors in SVB Financial Group (NASDAQ: SIVB).

A Deadline is coming up on May 12, 2023 in the lawsuit for certain investors in SVB Financial Group (NASDAQ: SIVB).

A deadline is coming up on May 12, 2023 in the lawsuit filed for certain investors of SVB Financial Group (NASDAQ: SIVB) over alleged securities laws violations by SVB Financial Group.

Investors who purchased shares of SVB Financial Group (NASDAQ: SIVB) have certain options and there are strict and short deadlines running. Deadline: May 12, 2023. NASDAQ: SIVB stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of SVB Financial Group (NASDAQ: SIVB) common shares between June 16, 2021 and March 10, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between June 16, 2021 and March 10, 2023, the defendants made false and/or misleading statements and/or failed to disclose that the Company failed to disclose to investors the risks presented by impending rising interest rates, that the Company failed to disclose to investors that, in an environment with high interest rates, it would be worse off than banks that did not cater to tech startups and venture capital-backed companies, that the Company failed to disclose that, if its investments were negatively affected by rising interest rates, it was particularly susceptible to a bank run, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of SVB Financial Group (NASDAQ: SIVB) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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