NEW YORK
,
April 5, 2023
/PRNewswire/ -- The Gross Law Firm issues the following notice to
shareholders of
SVB Financial Group.
Shareholders who purchased shares of SIVB during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/svb-financial-class-action-submission-form/?id=38105&from=4
CLASS PERIOD: June 16, 2021
to March 10, 2023
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued 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
false and/or misleading at all relevant times.
DEADLINE: May 12,
2023 Shareholders should not delay in registering
for this class action. Register your information here:
https://securitiesclasslaw.com/securities/svb-financial-class-action-submission-form/?id=38105&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SIVB during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is May 12, 2023. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
