Farella Braun + Martel LLP v. Federal Deposit Insurance Corporation as Receiver for Silicon Valley Bank

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 FARELLA BRAUN + MARTEL LLP, Case No. 24-cv-01306-SI

Plaintiff,

ORDER GRANTING IN PART AND

v. DENYING IN PART DEFENDANT'S

MOTION TO DISMISS AND STRIKE

FEDERAL DEPOSIT INSURANCE PORTIONS OF PLAINTIFF'S

CORPORATION, COMPLAINT

11 Defendant. Re: Dkt. No. 27

13 Before the Court is the motion by defendant Federal Deposit Insurance Corporation, as 14 Receiver for Silicon Valley Bank (“FDIC”), to dismiss and strike portions of plaintiff’s complaint. 15 Dkt. No. 27. Plaintiff Farella Braun + Martel LLP opposes. Dkt. No. 19. For the reasons set forth 16 below, the Court GRANTS IN PART AND DENIES IN PART defendant’s motion.

BACKGROUND2

19 Silicon Valley Bank (“SVB”) “was the largest regional commercial bank in the San 20 Francisco Bay Area” and was shut down by the California Department of Financial Protection on 21 March 10, 2023. Dkt. No. 1 (“Compl.”) ¶ 4. The FDIC was appointed as receiver for SVB. Id. 22 Prior to being …