“The board, the c-suite, are all going to be looking at the lawyers and my guess is this is a once in a lifetime crisis, so you want to make sure you have people you can count on on your legal team,” said three-time general counsel Sterling Miller.
March 13, 2023 at 05:00 AM
8 minute read
The original version of this story was published on Corporate Counsel
The demise of startup financing cornerstone Silicon Valley Bank on Friday sent tech corporate executives and legal department chiefs scrambling to find other sources of financing and immediate solutions.
With New York-based Signature Bank becoming the next financial institution to fall, the Federal Reserve moved swiftly over the weekend to stem the fallout. The Fed’s measures, announced late Sunday, underscored the potential for the contagion to spread.
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