IN RE SVB FINANCIAL GROUP

Case No. 23-10367(MG).

650 B.R. 790 (2023)

IN RE: SVB FINANCIAL GROUP, Debtor.

United States Bankruptcy Court, S.D. New York.

Signed May 22, 2023.


Attorney(s) appearing for the Case

WILMER CUTLER PICKERING HALE AND DORR LLP, Counsel for Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Roger Dunbar, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Beverly Kay Matthews, Mary J. Miller, Kate D. Mitchell, John Robinson, and Garen K. Staglin, 7 World Trade Center, 250 Greenwich Street, New York, NY 10007 By: Philip D. Anker, Esq.

ORRICK, HERRINGTON & SUTCLIFFE LLP, Counsel for Gregory W. Becker, 51 West 52nd Street, New York, NY 10019 By: Evan Hollander, Esq., Michael Trentin, Esq.

KRAMER LEVIN NAFTALIS & FRANKEL LLP, Counsel for Daniel J. Beck, 1177 Avenue of the Americas, New York, NY 10036 By: Alexander Woolverton, Esq., Andrew J. Citron, Esq.

SIDLEY AUSTIN LLP, Counsel for Michelle Draper, 787 Seventh Avenue, New York, NY 10019 By: Alex R. Rovira, Esq..

AKIN GUMP STRAUSS HAUER & FELD LLP, Proposed Counsel to the Official Committee of Unsecured Creditors, One Bryant Park, New York, NY 10036 By: Ira S. Dizengoff, Esq., David M. Zensky, Esq., Joseph L. Sorkin, Esq., Brad M. Kahn, Esq., James R. Savin, Esq.

WHITE & CASE LLP, Counsel to the Ad Hoc Cross-Holder Group, 1221 Avenue of the Americas, New York, NY 10020 By: Thomas E Lauria, Esq., Brian Pfeiffer, Esq., Glenn Kurtz, Esq.


MEMORANDUM OPINION GRANTING MOTION TO ALLOW ADVANCEMENT AND PAYMENT OF INSUREDS' DEFENSE COSTS UNDER D&O POLICIES

Pending before the Court is the motion (the "Motion," ECF Doc. # 147) of sixteen of the Debtor's current and former directors, Gregory W. Becker...

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