Judge trims First Citizens claims that HSBC poached Silicon Valley Bank workers

July 10 (Reuters) – A federal judge in California has dismissed most of First Citizens BancShares’ (FCNCA.O), opens new tab $1 billion lawsuit accusing HSBC (HSBA.L), opens new tab of poaching more than 40 employees of Silicon Valley Bank after its high-profile collapse.

U.S. Magistrate Judge Laurel Beeler in San Francisco late Tuesday said that she lacked the ability to hear some of the claims by First Citizens, which acquired Silicon Valley Bank when it failed last year, because they alleged conduct that occurred outside California.

Source: REUTER