NewsDialy
Hindsight, in a legal proceeding, means assigning blame using knowledge that emerged only after events unfolded, rather than by what a person could reasonably have known at the time.
A federal judge has rejected that defense in the case over Silicon Valley Bank's collapse, ruling that criticism aimed at the bank's executives was not built on after-the-fact reasoning.
The decision is a setback for the bank's former leadership. What the ruling means The argument before the court was that any fault directed at SVB's executives depended on hindsight.
The bank's leadership had claimed, in effect, that critics were reading the collapse backward and pinning blame on decisions that looked reasonable before the institution failed.
Keep reading