SVB Financial Trust v. Federal Deposit Insurance Corporation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 6 SVB FINANCIAL TRUST, Case No. 23-cv-06543-BLF

Plaintiff,

ORDER GRANTING IN PART AND

v. DENYING IN PART DEFENDANT'S

MOTION TO DISMISS THE

FEDERAL DEPOSIT INSURANCE AMENDED COMPLAINT

CORPORATION,

[Re: ECF No. 99] Defendant. 12 Before the Court is Defendant Federal Deposit Insurance Corporation, in its corporate capacity’s (“FDIC-C”) Motion to Dismiss Plaintiff SVB Financial Trust’s1 (“Trust”) Amended Complaint. ECF 99 (“Mot.”). The Trust opposes the motion. ECF 100 (“Opp.”). The FDIC-C filed a Reply. ECF 102 (“Reply”). The Court heard oral argument on the motion on January 30, 2024. See ECF 132. For the following reasons, the Court GRANTS IN PART and DENIES IN PART the motion to dismiss. I. BACKGROUND A. Factual Background For purposes of this motion, the Court accepts as true all well-pled facts in the Trust’s Amended Complaint. See…