CAC Specialty Client Alert – SVB FDIC Lawsuit

The Federal Deposit Insurance Corporation (FDIC) filed a negligence and breach of fiduciary lawsuit against former directors and officers of Silicon Valley Bank (SVB) on January 16, 2025. The lawsuit is a good example of the significant exposure executives and directors of banks face when they are taken over by the FDIC. The personal risk is even greater when you consider that their Directors & Officers (D&O) insurance might already be eroded through other shareholder actions brought against both executives and the entity previously.

Download our full client alert to learn more about the lawsuit and explore coverage considerations from a D&O perspective.

DOWNLOAD CLIENT ALERT- SVB FDIC LAWSUIT