SVB Financial Trust v. Federal Deposit Insurance Corporation, as Receiver for Silicon Valley Bank and Silicon Valley Bridge Bank, N.A.

Good Law
United States District Court, Northern District of CaliforniaMay 2, 20255:24-cv-01321California901 words

Opinion

trial_court Opinion

1 2 3 UNITED STATES DISTRICT COURT 4 NORTHERN DISTRICT OF CALIFORNIA 5 SAN JOSE DIVISION 6 7 SVB FINANCIAL TRUST, Case No. 24-cv-01321-BLF

8 Plaintiff,

ORDER DENYING MOTION TO

9 v. CONSOLIDATE CASES

10 FEDERAL DEPOSIT INSURANCE [Re: ECF 178]

CORPORATION, AS RECEIVER FOR

11 SILICON VALLEY BANK, et al.,

12 Defendants.

13 14 The Court previously determined that the above captioned SVB Financial Trust v. Federal 15 Deposit Insurance Corporation as Receiver for Silicon Valley Bank and Silicon Valley Bridge Bank, 16 N.A., No. 5:24-cv-0132-BLF (the “FDIC-R Action”) and Federal Deposit Insurance Corporation 17 as Receiver for Silicon Valley Bank v. Becker et al., No. 5:25-cv-00569-NW (“Becker Action”) were 18 not related. See FDIC-R Action, ECF 142. That determination was made after Defendant Federal 19 Deposit Insurance Corporation as Receiver (“FDIC-R”) filed its answer in the SVBFT Action. See 20 FDIC-R Action, ECF 135. On February 21, 2025, the Court consolidated the FDIC-R Action and 21 the related SVB…

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