Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Silvergate Capital Corporation (“Silvergate” or “the Company”) (NYSE: SI ) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. SIlvergate is one of the companies mentioned in a research report published by The Bear Cave newsletter on November 17, 2022. The report alleges that the company has ties to a money laundering operation that transferred $425 million out of cryptocurrency platforms following the collapse of FTX. Based on this news, Silvergate shares fell more than 7.7% in intraday trading the following day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethical requirements.