[Opinion] Silivon Valley Bank v. SVB Financial Group: Opinion & Order (Denying JOLs’ Standing)

Silivon Valley Bank v. SVB Financial Group: Opinion & Order (Denying JOLs’ Standing)

Opinion and Order Denying JOLs’ standing on All Claims regarding a complaint to void a “$294 Million distribution made by Silicon Valley Bank to SVBFG, its sole shareholder, at a time when the Bank’s insolvency and collapse was a certainty and overlapping board of directors and officers were well aware of SVB’s critical financial distress” in Andrew Childe, Niall Ledwidge, and Michael Pearson, as Joint Official Liquidators of Silicon Valley Bank…