NEW
YORK, Jan. 25, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of
Silvergate Capital Corporation.
Shareholders who purchased shares of SI during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/silvergate-capital-class-action-submission-form/?id=35879&from=4
CLASS PERIOD: November 11,
2020 to January 5, 2023
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially 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.
DEADLINE: February 6, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/silvergate-capital-class-action-submission-form/?id=35879&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SI during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is February 6, 2023. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm