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The recently collapsed Silicon Valley Bank (SVB) is now facing a lawsuit filed by its shareholders, who are alleging that the bank is in violation of federal securities laws. The class action [...]
Inflation meant the Feds had to try to slow it down or stop it. That led to the failure of investments in the bond market.
The sales were conducted via 10b5-1 plans, laws around which are intended to guard against insiders from unfairly profiting from important corporate information that was not yet public.
Class-action lawsuit seeking damages alleges that tech-focused bank failed to disclose risks from interest rate hikes.
More than £383bn was wiped off the value of global financial stocks in two days following the collapse of Silicon Valley Bank - and markets continue to tumble.