NEW YORK, NY / ACCESSWIRE / May 12, 2023 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

SVB Financial Group (OTC PINK:SIVBQ)

CONTACT JAKUBOWITZ ABOUT SIVBQ:
https://claimyourloss.com/securities/svb-financial-class-action-submission-form/?id=39386&from=1

Class Period : November 5, 2020 - March 10, 2023

Lead Plaintiff Deadline : May 12, 2023

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company failed to disclose to investors the risks presented by impending rising interest rates; (2) the Company failed to disclose to investors that, in an environment with high interest rates, SVB would be worse off than banks that did not cater to tech startups and venture capital-backed companies; (3) the Company failed to disclose that, if its investments were negatively affected by rising interest rates, it was particularly susceptible to a bank run; (4) as a result, defendants' public statements were materially...

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