Sonn Law Group, PA – a nationwide investor and consumer protection law firm – announces that it is conducting an investigation on behalf of investors who purchased stock in SVB Financial Group (NASDAQ: SIVB).
If you acquired stock in SVB Financial Group and wish to explore your potential claim, please submit your details below for a complimentary consultation.
SVB Finanical Group Investments?
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Sonn Law Group’s investigation into SVB Financial Group centers on whether the company made false and/or misleading statements and/or withheld information that was material to investors. On March 8, 2023, SVB declared its intention to collect more than $2 billion, with General Atlantic, a private equity firm, contributing $500 million and a public offering generating $1.75 billion. SVB also stated that it would take a loss of $1.8 billion on the sale of $21 billion worth of securities.
As a result of this announcement, SVB’s stock declined by over 60% in afternoon trading on March 9, 2023.
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Sonn Law Group is a nationally-recognized securities and class action law firm headquartered in South Florida. Sonn Law Group represents individual and institutional investors nationwide in securities litigation and arbitration on a contingency fee basis. No Recovery, No Fee. Jeff Sonn, the Managing Principal of the Sonn Law Group, is a trial lawyer who has handled thousands of securities cases over the last 31 years.
SVB Investment Loss Investigation
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