Samanthu Fu

SHOWING:

1 to 1 of 1 result
  

Sort By:

Search

Filter By:

Topics

Jurisdictions

Cayman depositor of Silicon Valley Bank sues FDIC over ‘illegal $250K transfer’

A depositor of the Cayman Islands branch of California-based Silicon Valley Bank is suing the Federal Deposit Insurance Corporation in the United States for allegedly illegally transferring its entire balance of $250,000 out of its account. Cayman-domiciled Knight League Limited alleges conversion, unjust enrichment, and breach of contract.