First Citizens Bank Gets Second Chance in SVB Secrets Lawsuit

First Citizens Bank & Trust has been offered a second opportunity to rectify a convoluted lawsuit that alleges HSBC Holdings of illicitly obtaining confidential details to poach employees from the failing Silicon Valley Bank, at a time when it was in the process of being divided between U.K. and U.S. acquirers. The case, currently ongoing in a California federal court, may offer fascinating insights into the legal and ethical boundaries of corporate buyouts. Ben Zigterman of Law360 provides a detailed analysis of the situation.