IN RE SVB FINANCIAL GROUP

Case No. 23-10367 (MG).

662 B.R. 53 (2024)

IN RE: SVB FINANCIAL GROUP, Debtor.

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

Signed August 2, 2024.


Attorney(s) appearing for the Case

SULLIVAN & CROMWELL, Counsel to the Debtor, 125 Broad Street, New York, New York 10004, By: James L. Bromley, Esq., Andrew G. Dietderich, Esq., Adam S. Paris, Esq., Christian Jensen, Esq., 1888 Century Park East, Suite 2100, Los Angeles, California 90067, By: Diane L. McGimsey, Esq., Robert A. Sacks, Esq.

AKIN GUMP STRAUSS HAUER & FELD LLP, Counsel to the Official Committee of Unsecured Creditors, One Bryant Park, New York, New York 10036, By: Ira S. Dizengoff, Esq., David M. Zensky, Esq., Joseph L. Sorkin, Esq., Brad M. Kahn, Esq., Katherine Porter, Esq., 2001 K Street NW, Washington, D.C. 2006, By: James R. Savin, Esq.

REED SMITH LLP, Counsel to the Federal Deposit Insurance Corporation as Receiver for Silicon Valley Bank and as Receiver for Silicon Valley Bridge Bank, N.A., 599 Lexington Avenue, New York, New York 10022, By: Kurt F. Gwynne, Esq., Casey D. Laffey, Esq., Three Logan Square, 1717 Arch Street, Suite 3100, Philadelphia, Pennsylvania 19103, By: Derek J. Baker, Esq., 2850 N. Harwood Street, Suite 1500, Dallas, Texas 75201, By: Keith M. Aurzada, Esq.

DAVIS POLK & WARDWELL LLP, Counsel to the Ad Hoc Group of Senior Noteholders, 450 Lexington Avenue, New York, New York 10017, By: Marshall S. Huebner, Esq., Elliot Moskowitz, Esq., Angela M. Libby, Esq., Aryeh Ethan Falk, Esq., Abraham Bane, Esq.


MEMORANDUM OPINION AND ORDER SUSTAINING THE OBJECTION OF THE FEDERAL DEPOSIT INSURANCE CORPORATION, AS RECEIVER FOR SILICON VALLEY BANK AND SILICON VALLEY BRIDGE BANK, N.A. TO THE SECOND AMENDED CHAPTER 11 PLAN OF REORGANIZATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE

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