New York Southern Bankruptcy Court

Case number: 1:23-bk-10367 - SVB Financial Group - New York Southern Bankruptcy Court

Case Information
Case title
SVB Financial Group
Chapter
11
Judge
Martin Glenn
Filed
03/17/2023
Last Filing
05/24/2024
Asset
Yes
Vol
v
Docket Header

MEGANY, MEGA, Lead, FeeDueAP, PENAP, CLMAGT




U.S. Bankruptcy Court
Southern District of New York (Manhattan)
Bankruptcy Petition #: 23-10367-mg

Assigned to: Judge Martin Glenn
Chapter 11
Voluntary
Asset


Date filed:  03/17/2023
341 meeting:  05/31/2023
Deadline for filing claims:  08/11/2023

Debtor

SVB Financial Group

387 Park Ave S.
New York, NY 10016
NEW YORK-NY
Tax ID / EIN: 91-1962278

represented by
James L. Bromley

Sullivan & Cromwell LLP
125 Broad Street
New York, NY 10004
212-558-4923
Email: [email protected]

Vincent Edward Lazar

Jenner & Block LLP
353 N. Clark Street
Chicago, IL 60654
(312) 923-2989
Fax : (312) 840-7389
Email: [email protected]

Robert A Sacks

Sullivan & Cromwell LLP
1888 Century Park East
Suite 2100
Los Angeles, CA 90067
310-712-6600
Fax : 310-712-8800
Email: [email protected]

Trustee

U.S. Bank Trust Company, National Association, as trustee


represented by
John R. Ashmead

Seward & Kissel, LLP
One Battery Park Plaza
New York, NY 10006
(212) 574-1200
Fax : (212) 480-8421
Email: [email protected]

U.S. Trustee

United States Trustee

Office of the United States Trustee - NY
Alexander Hamilton Custom House
One Bowling Green, Room 534
New York, NY 10004-1408
(212) 510-0500

represented by
Andrea Beth Schwartz

DOJ-Ust
Alexander Hamilton U.S. Custom House
One Bowling Green
., Room 534
New York, NY 10004
212-510-0500
Email: [email protected]

Annie Wells

DOJ-Ust
Alexander Hamilton Custom House
One Bowling Green
Suite 511
New York, NY 10004
212-510-0500
Email: [email protected]

Claims and Noticing Agent

Kroll Restructuring Administration LLC Claims Agent

(Formerly Prime Clerk LLC)
55 East 52nd Street
17th Floor
www.kroll.com
New York, NY 10055
(212) 257-5450

 
 
Claims and Noticing Agent

Kroll Restructuring Administration LLC

(f/k/a Prime Clerk LLC)
55 East 52nd Street
17th Floor
New York, NY 10055
212-257-5450

 
 
Creditor Committee

Official Committee of Unsecured Creditors of SVB Financial Group


represented by
James Savin

Akin Gump Strauss Hauer & Feld LLP
One Bryant Park
New York, NY 10036
212-872-1000
Email: [email protected]

Seth Van Aalten

Cole Schotz P.C.
Cole Schotz P.C.
1325 Avenue of the Americas
19th Floor
New York, NY 10019
646-563-8926
Email: [email protected]

David M. Zensky

Akin Gump Strauss Hauer & Feld LLP
One Bryant Park
New York, NY 10036
212-872-1000
Fax : 212-872-1002
Email: [email protected]

Creditor Committee

Efficiency and Conflicts Counsel to the Official Committee of Unsecured Creditors of SVB Financial Group
represented by
Seth Van Aalten

(See above for address)

Latest Dockets
Date Filed#Docket Text
05/24/20241163Docket Text
Certificate of Publication of Rohany Tejada Regarding Notice of (I) Proposed Sale of the SVB Capital Business Free and Clear of any Liens, Claims, Interests and Encumbrances, (II) Sale Hearing and (III) Related Dates Filed by Adam M. Adler on behalf of Kroll Restructuring Administration LLC Claims Agent. (Adler, Adam)
05/24/20241162Docket Text
Monthly Fee Statement / Twelfth Monthly Fee Statement of Akin Gump Strauss Hauer & Feld LLP for Professional Services Rendered and Disbursements Incurred as Counsel to Official Committee of Unsecured Creditors for the Period of March 1, 2024 Through March 31, 2024. Objection Deadline, June 10, 2024 Filed by James Savin on behalf of Official Committee of Unsecured Creditors of SVB Financial Group. (Savin, James)
05/24/20241161Docket Text
Notice of Agenda Agenda for SVB Capital Sale Hearing to be Held May 29, 2024, at 11:00 a.m. (Prevailing Eastern Time) filed by James L. Bromley on behalf of SVB Financial Group. with hearing to be held on 5/29/2024 at 11:00 AM at Courtroom 523 (MG) (Bromley, James)
05/24/20241160Docket Text
Affidavit of Service of Nataly Diaz Regarding Notice of Filing of the Debtor's Second Amended Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, Notice of Filing of Further Revised Disclosure Statement and Related Exhibits, Notice of Filing of Further Revised Proposed Order (I) Approving the Disclosure Statement; (II) Establishing a Voting Record Date; (III) Approving Solicitation Packages and Solicitation Procedures; (IV) Approving the Forms of Ballots; (V) Establishing Voting and Tabulation Procedures; and (VI) Establishing Notice and Objection Procedures for the Confirmation of the Plan, with Further Revised Exhibits Thereto, Notice of Rescheduled Omnibus Hearing, Notice of Transaction Closing Regarding the Sale of the SVB India Business, and Amended Agenda for Disclosure Statement Hearing to be Held May 16, 2024, at 10:00 a.m. (Prevailing Eastern Time) (related document(s)[1145], [1150], [1143], [1146], [1148], [1144]) filed by Kroll Restructuring Administration LLC Claims Agent.(Malo, David)
05/23/20241159Docket Text
Third Omnibus Order signed on 5/23/2024 Granting Interim Fee Applications (Related Doc # [967])for Centerview Partners LLC, Fees Awarded: $1,200,000.00, Expenses Awarded: $1,353.72, (Related Doc # [981])for Akin Gump Strauss Hauer & Feld LLP, Fees Awarded: $5,275,428.50, Expenses Awarded: $96,169.60, (Related Doc # [982])for Berkeley Research Group, LLC, Fees Awarded: $5,057,660.50, Expenses Awarded: $6,857.46, (Related Doc # [983])for Lazard Freres & Co. LLC, Fees Awarded: $700,000.00, Expenses Awarded: $0.00, (Related Doc # [984])for Cole Schotz P.C., Fees Awarded: $2,375,324.50, Expenses Awarded: $4,063.95, (Related Doc # [986])for Sullivan & Cromwell LLP, Fees Awarded: $17,932,526.30, Expenses Awarded: $27,111.27, (Related Doc # [988])for Jenner & Block LLP, Fees Awarded: $6,199,034.75, Expenses Awarded: $39,315.15, (Related Doc # [989])for Huron Consulting Services LLC, Fees Awarded: $2,130,076.00, Expenses Awarded: $2,748.22. (Cappiello, Karen)
05/21/20241158Docket Text
Chapter 11 Monthly Operating Report for the Month Ending: 04/30/2024 Filed by James L. Bromley on behalf of SVB Financial Group. (Attachments: # (1) Supplement Notes and Supporting Documentation)(Bromley, James)
05/20/20241156Docket Text
Affidavit of Service of Tariful Huq Regarding Order Regarding Fourth Omnibus Objection to Claims, Notice of Filing of Revised Proposed Order (I) Approving the Disclosure Statement; (II) Establishing a Voting Record Date; (III) Approving Solicitation Packages and Solicitation Procedures; (IV) Approving the Forms of Ballots; (V) Establishing Voting and Tabulation Procedures; and (VI) Establishing Notice and Objection Procedures for the Confirmation of the Plan, with Revised Exhibits Thereto, and Rejection Order (related document(s)[1119], [1127]) filed by Kroll Restructuring Administration LLC Claims Agent.(Malo, David)
05/17/20241155Docket Text
Declaration in Support of Employment of Lumiere Law Partners as Professional Utilized in the Ordinary Course of Business filed by James L. Bromley on behalf of SVB Financial Group. (Bromley, James)
05/17/20241154Docket Text
Affidavit of Service of Nataly Diaz Regarding Agenda for Disclosure Statement Hearing to be Held May 16, 2024, at 10:00 a.m. (Prevailing Eastern Time), Agenda for Omnibus Hearing to be Held May 16, 2024, at 2:00 p.m. (Prevailing Eastern Time), Debtor's Omnibus Reply to Objections to Debtor's Motion for Entry of an Order (I) Approving the Disclosure Statement; (II) Establishing a Voting Record Date; (III) Approving Solicitation Packages and Solicitation Procedures; (IV) Approving the Forms of Ballots; (V) Establishing Voting and Tabulation Procedures; and (VI) Establishing Notice and Objection Procedures for the Confirmation of the Plan, Notice of Filing of Exhibit A to the Debtor's First Amended Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, and Joinder of the Official Committee of Unsecured Creditors to the Debtors Omnibus Reply to Disclosure Statement Objections (related document(s)[1134], [1139], [1133], [1135], [1137]) filed by Kroll Restructuring Administration LLC.(Steele, Benjamin)
05/17/20241153Docket Text
Order, Signed on 5/17/2024, (I) Approving Buyer Protections, (II) Scheduling a Sale Hearing, (III) Approving Form and Manner of Notices for Sale of the SVB Capital Business, (IV) Approving Assumption and Assignment Procedures, and (V) Granting Related Relief. (related document(s)[1090], [1083]) Hybrid Hearing to be held on 5/29/2024 at 11:00 AM at Courtroom 523 (MG). (Anderson, Deanna)