💥SVB Financial vs. the FDIC💥

Internap's 22, XClaim Settlements, More Mass Tort BK, HyLife Barrels into BK & More.

Following a historic rise in interest rates (and some alarmist tweets, see “What We’re Reading” below), on March 17, 2023, SVB Financial Group (the “debtor”) filed its chapter 11 bankruptcy case in the Southern District of New York (Judge Glenn). We wrote last month about how the debtor’s subsidiary, Silicon Valley Bank, unbanked itself right into FDIC …