SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson Fistel, LLP is investigating whether SVB Financial Group (“SVB” or “the Company”) (NASDAQ: SIVB) investors' losses may be recovered under the federal securities laws.
What if I purchased SVB common stock? If you purchased SVB common stock and suffered significant losses on your investment, join our investigation now:
Click or paste the following web address into your browser to submit your losses:
https://www.cognitoforms.com/JohnsonFistel/SVBFinancialGroup
Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
There is no cost or obligation to you.
What is Johnson Fistel investigating? On March 8, 2023, SVB announced it is seeking to raise more than $2 billion, made up of $500 million from private equity firm General Atlantic and $1.75 billion via a public equity offering. SVB also disclosed it sold nearly $21 billion of securities it held and that it will take a $1.8 billion loss on the transaction.
Following this news, on March 9, 2023, the stock was down over 30% in pre-market trading.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
