SAN DIEGO, March 22, 2023 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of SVB Financial Group (NASDAQ: SIVB).
Investors who purchased shares of SVB Financial Group (NASDAQ: SIVB) have certain options and contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On March 13, 2023, a lawsuit was filed against SVB Financial Group and the company’s CEO and CFO over alleged violations of securities laws. The plaintiff alleged that 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 SVB Financial Group (NASDAQ: SIVB) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
