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

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 sufficient controls and procedures to detect instances of money laundering;

(2) Silvergate’s customers had engaged in money laundering in amounts exceeding $425 million;

(3) as a result of the foregoing, the Company was reasonably likely to receive regulatory scrutiny and face damages, including penalties and reputational harm; and

(4) as a result of the foregoing, defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To learn more about the SI lawsuit, contact us today.

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.