Judge Shopping and the Abortion Pill Case
Bloomberg Law
00:00
Signature Bank vs. Signature Bank in Brooklyn, New York
There's a similar lawsuit against Signature Bank also over claims that they were materially false or misleading statements. One of the statements was that the chief executive officer claimed signature was a well-diversified bank with an excess of $100 billion in assets. The plaintiffs definitely have an uphill battle to prove they are false under the rigorous test that's been applied under the statute and by the Supreme Court, but if they can be proven, okay, wow, then the bank and the officers who were named defendants, they are in a heck of a lot of trouble.
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