Orrick, Kramer Levin Step Into Silicon Valley Bank Securities Litigation
This suit was surfaced by Law.com Radar. Read the complaint here.
April 18, 2023 at 08:26 PM
1 minute read
Attorneys from Orrick, Herrington & Sutcliffe and Kramer Levin Naftalis & Frankel have stepped in to defend Daniel J. Beck and Greg W. Becker, CFO and CEO of Silicon Valley Bank, in a pending investor class action. The case, filed April 7 in California Northern District Court by Bernstein Litowitz Berger & Grossman, accuses the defendants of misrepresenting the strength of Silicon Valley Bank's balance sheet and concealing substantial risks related to increasing interest rates. The case, assigned to U.S. District Judge Araceli Martinez-Olguin, is 3:23-cv-01697, City of Hialeah Employees Retirement System et al v. Becker et al.
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