Silvergate Capital Class Action Lawsuit SI | Deadline February 6, 2023

Announcement! Investors who bought Silvergate Capital Corporation (SI) stocks between November 9, 2021, and November 17, 2022, have a SI class action lawsuit (Silvergate Capital class action lawsuit) filed on their behalf.

For more on the SI Lawsuit please contact us today.

According to the Silvergate lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:

(1) the Company’s platform lacked the controls and practices necessary to spot cases of money laundering;

(2) Customers of Silvergate had laundered money totaling more than $425 million;

(3) Due to the aforementioned, the Company was reasonably expected to be subject to regulatory scrutiny and suffer damages, such as fines and reputational harm; and

(4) Due to those mentioned above, the defendant’s optimistic claims regarding the Company’s operations, business, and prospects were either substantially false or lacked a solid foundation.

 If you suffered a loss in Silvergate you have until February 6, 2023, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.