NEW YORK, April 14, 2023 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP Notifies Investors in SVB Finance Group (“SVB” or the “Company”) SIVBQ a securities lawsuit a class action lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SVB investors affected by alleged securities fraud between June 16, 2021 and March 10, 2023. Follow the link below for more information and to be contacted by a member of our team:

https://zlk.com/pslra-1/svb-financial-group-information-request-form?prid=37838&wire=3

SIVB Investors may also contact Joseph E. Levi, Esq. by email at jlevi@levikorsinsky.com or by phone at (212) 363-7500.

CASE DETAILS: The lawsuit alleges that the defendants misrepresented and/or withheld that: (1) the company failed to disclose to investors the risks posed by upcoming increases in interest rates; (2) the company has not told investors that in a high interest rate environment, SVB would fare worse than banks that are not geared towards tech startups and venture capital-backed companies; (3) the company has not disclosed that it would be particularly vulnerable to a bank run if its investments were adversely affected by rising interest rates; (4) As a result, the defendants’ public statements were materially false and/or misleading at all relevant times.

WHAT’S NEXT? If you have suffered a loss in the SVB during the relevant period, you have up May 12, 2023 to request that the court appoint you as lead plaintiff. Your ability to participate in a recovery does not require you to serve as lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any expenses or fees. There are no costs or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our law firm has extensive…