SVB Financial Approved For Ch. 11 Sale Of Securities Arm
An $81 million sale of the securities trading arm of SVB Financial Group received approval Thursday in a New York bankruptcy court, but only after the debtor agreed to trim releases for the members of the management team that submitted the winning bid.
The official committee of unsecured creditors is represented by Seth Van Aalten, Justin R. Alberto and Sarah A. Carnes.
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