Bankruptcy
Sep. 18, 2024
SVB disputes FDIC's right to attorney-client documents
The dispute concerns whether the FDIC, as receiver for the defunct bank, has the right to all its documents, including those the bank's attorneys argue are protected by attorney-client privilege.
Silicon Valley Bank and its holding company should be treated as a single entity and fall under the same attorney-client privilege for discovery purposes, the attorney leading the U.S. Federal Deposit Insurance Corp.'s defense against the defunct bank's $2 billion claim told a federal judge on Tuesday.
The dispute concerns either 300,000 or 24 million documents and whether the FDIC, as receiver for the defunct bank, has the right to all its documents, including those the b...
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