Girard Sharp securities and investment fraud attorneys are investigating potential claims on behalf of investors who acquired stock in SVB Financial Group (NASDAQ: SIVB).
If you acquired SVB Financial Group stock and would like to discuss your potential claim, fill out the form below or call us toll-free at (866) 981-4800 for a free consultation with a Girard Sharp attorney.
More About the SVB Financial Group Stockholder Investigation
Our investigation focuses on whether SVB Financial Group issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
SVB announced on March 8, 2023, that it planned to raise more than $2 billion, including $500 million from private equity firm General Atlantic and $1.75 billion via a public offering. SVB also announced it would take a loss of $1.8 billion on the sale of $21 billion worth of securities.
Based on this news, shares of SVB fell by more than 60% in afternoon trading on March 9, 2023.
If you acquired SVB stock, speak to an attorney by filling out the form above.
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Girard Sharp LLP represents investors, consumers, and institutions in class actions and other complex litigation nationwide. Our class action attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country’s largest corporations. We served on the leadership team in the securities litigation following the collapse of Lehman Brothers, the largest bankruptcy in U.S. history, in which total recoveries for investors exceeded $700 million. We also served on the Plaintiffs’ executive committee in the recent spoofing litigation against JPMorgan Chase that returned $60 million to investors. When Sallie Mae, the leading provider of student loans in the United States, misled the public about its financial performance to inflate the company’s stock price, we recovered $35 million for investors in the company. Read more about our track record in securities cases here.