SVB Financial Group et al v. Federal Insurance Company et al

  1. February 29, 2024

    SVB Parent's Counsel Booted From Fraud Coverage Row

    The bankrupt parent company of Silicon Valley Bank cannot use Farella Braun & Martel LLP as counsel in litigation over the parent company's claims that it alone must be covered for a fraud scheme that caused over $73 million in losses, a North Carolina federal court ruled.

  2. October 20, 2023

    SVB Parent Fights Bid To Boot Fraud Coverage Row Counsel

    Silicon Valley Bank's holding company urged a North Carolina federal court not to disqualify Farella Braun & Martel LLP as its counsel in a $73 million private equity fraud coverage dispute, arguing there is no conflict of interest with the Federal Deposit Insurance Corp.

  3. September 21, 2023

    FDIC Moves To Boot SVB Parent's Atty In Fraud Coverage Row

    The Federal Deposit Insurance Corp. urged a North Carolina federal court to disqualify Farella Braun & Martel LLP as counsel for the Silicon Valley Bank's holding company in a $73 million private equity fraud coverage dispute, saying material adversity exists between the company and the FDIC as the failed bank's receiver.

  4. August 22, 2023

    FDIC Seeks To Kick SVB Attys From Fraud Coverage Dispute

    A law firm representing Silicon Valley Bank in a $73 million private equity fraud coverage dispute must withdraw as counsel or face a motion to disqualify, the Federal Deposit Insurance Corp. told a North Carolina federal court.

  5. March 30, 2023

    SVB Gets Stay In $73M Private Equity Fraud Coverage Dispute

    A North Carolina federal court granted a stay in a dispute over whether Silicon Valley Bank has coverage for $73 million in losses stemming from its extension of credit to a private equity fund fraudster, allowing the bank's recently appointed receiver time to read up on the case.

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