The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against SVB Financial Group (“SVB” or “the Company”) (NASDAQ: SIVB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between June 16, 2021 and March 10, 2023, inclusive (the ''Class Period''), are encouraged to contact the firm before May 12, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. SVB failed to inform investors of risks related to rising interest rates. The Company also failed to inform investors of the risks related to its business based on its customer base of tech startups and other venture capital-backed businesses in a high interest rate environment. The Company failed to disclose that it was susceptible to a bank run due to its poor investment performance. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about SVB, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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