SVB Shareholders Tap Advisers in Push for Bankruptcy Payout (1)

Shareholders of SVB Financial Group have hired Ducera Partners and Brown Rudnick to help them get paid in the bankrupt holding company’s restructuring case, according to people familiar with the situation.

They also plan to push for an official equity committee, which would give them more sway during the Chapter 11 process, the people added, asking not to be named discussing a private matter.

The group of investors hold both preferred and common shares in SVB Financial, which was the parent company of Silicon Valley Bank before federal regulators forced the bank to be sold.

Representatives for SVB Financial and ...