SVB Financial Group Loss Submission Form

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of SVB Financial Group (NASDAQ: SIVB) who purchased shares between June 16, 2021 and March 10, 2023. The action, which was filed in the United States District Court for the Northern District of California, alleges that the Company violated federal securities laws.

In particular, the SVB lawsuit alleges that (1) the Company failed to disclose to investors the risks presented by impending rising interest rates; (2) the Company failed to disclose to investors that, in an environment with high interest rates, SVB would be worse off than banks that did not cater to tech startups and venture capital-backed companies; (3) the Company failed to disclose that, if its investments were negatively affected by rising interest rates, it was particularly susceptible to a bank run; (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

Shareholders have until May 12, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.

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