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

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 SAN JOSE DIVISION 7 8 SVB FINANCIAL TRUST, Case No. 24-cv-01321-BLF (VKD)

9 Plaintiff,

ORDER RE AUGUST 11, 2025

10 v. DISCOVERY DISPUTE

11 FEDERAL DEPOSIT INSURANCE Re: Dkt. No. 239

CORPORATION, AS RECEIVER FOR

12 SILICON VALLEY BANK, et al., Defendants. 13 14 Plaintiff SVB Financial Trust (“SVBFT”) and defendant Federal Deposit Insurance 15 Corporation as Receiver (“FDIC-R”) ask the Court to resolve a dispute regarding FDIC-R’s 16 answer to SVBFT’s Interrogatory No. 1. Dkt. No. 239. The Court finds this matter suitable for 17 resolution without oral argument. Civil L.R. 7-1(b). 18 I. BACKGROUND 19 In this action, FDIC-R contends that SVB Financial Group (“SVBFG”) engaged in 20 misconduct that caused Silicon Valley Bank (“SVB”) to incur billions of dollars in losses. See 21 generally Dkt. No. 135, Affirmative Defenses ¶¶ 1-7. SVBFT, as SVBFG’s successor, served an 22 interrogatory seeking the factual bases for FDIC-R’s…