This CLE course explores the high-profile collapse of Silicon Valley Bank. This case study examines the factors leading to one of the largest bank failures in U.S. history, resulting from a rapid and massive bank run triggered by the disclosure of severe financial issues.

With $209 billion in assets, the bank's sudden downfall sparked intense scrutiny and debate about regulatory oversight and the performance of its senior management team. However, less attention has been given to the role of the independent, or outside, directors who are not involved in daily management but are responsible for governance and oversight.

This course investigates the responsibilities and potential liability of these outside directors. It examines the warning signs, or "red flags," they might have seen and when they were aware of them. Through this analysis, you'll explore whether these directors fulfilled their duties and consider their accountability under federal and state laws. By focusing on the outside directors' oversight role, the course offers insights into the broader implications of governance failures in the banking sector and helps to understand the responsibilities of those who play a crucial role in corporate supervision.