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LOS ANGELES, May 09, 2023 (GLOBE NEWSWIRE) — The law firm of Portnoy informs investors in SVB Financial Group (“SVB” or the “Company”) that a lawsuit has been filed on behalf of investors who have purchased LivePerson securities between November 5, 2020 and March 10, 2023both dates inclusive (the “Class Period”).

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: lesley@portnoylaw.comto discuss your legal rights, or Click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

This is a class action lawsuit filed against SVB Financial Group, Gregory W. Becker and Daniel J. Beck on behalf of all persons who acquired or purchased SVB common stock between November 5, 2020 and March 10, 2023. The lawsuit alleges that SVB violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by misleading investors about the risks associated with its highly concentrated investments in long-term, low-yielding government bonds and mortgage-backed securities are. SVB’s share price plummeted 60% after the company sold its securities portfolio at a $1.8 billion loss and announced a $2.25 billion sale of common and preferred stock to close the compensate for loss. The Federal Deposit Insurance Institution took control of SVB’s banking operations on March 10, 2023 and eventually sold all of SVB’s deposits and loans to another bank. SVB share prices remain at less than 1% of their pre-collapse levels.

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Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner has recovered over $5.5 billion for aggrieved investors. attorney advertising. Previous results do not guarantee similar …