SVB's $1.9B FDIC Suit Won't Open 'Floodgates,' Judge Says <https://www.law360.com/compliance/articles/1868257?nl_pk=ab5ce197-c1fb-4d8e-a411-413bce38e654&utm_source=newsletter&utm_medium=email&utm_campaign=compliance&utm_content=2024-08-12&read_main=1&nlsidx=0&nlaidx=10>
By Craig Clough A California federal judge trimmed claims from the parent of Silicon Valley Bank's lawsuit against the Federal Deposit Insurance Corp. seeking $1.93 billion, but rejected the agency's arguments that allowing some claims to move forward will "open the floodgates" for every failed bank's uninsured depositors to bring a claim. Order attached | Read full article » <https://www.law360.com/compliance/articles/1868257?nl_pk=ab5ce197-c1fb-4d8e-a411-413bce38e654&utm_source=newsletter&utm_medium=email&utm_campaign=compliance&utm_content=2024-08-12&read_more=1&nlsidx=0&nlaidx=10> | Save to favorites » <https://www.law360.com/compliance/articles/1868257?nl_pk=ab5ce197-c1fb-4d8e-a411-413bce38e654&utm_source=newsletter&utm_medium=email&utm_campaign=compliance&utm_content=2024-08-12&read_later=1&nlsidx=0&nlaidx=10>
