Jakubowitz Regulation Reminds Silvergate Shareholders of a Lead Plaintiff Deadline of February 6, 2023

NEW YORK, Dec. 27, 2022 /PRNewswire/ — Jakubowitz Regulation declares {that a} securities fraud class…

Jakubowitz Regulation Reminds Silvergate Shareholders of a Lead Plaintiff Deadline of February 6, 2023

NEW YORK, Dec. 27, 2022 /PRNewswire/ — Jakubowitz Regulation declares {that a} securities fraud class motion lawsuit has commenced on behalf of shareholders of Silvergate Capital Company (NYSE: SI).

To obtain updates on the lawsuit, fill out the shape:
https://claimyourloss.com/securities/silvergate-capital-lawsuit-loss-submission-form/?id=34922&from=4

The lawsuit seeks to get well losses for shareholders who bought Silvergate between November 9, 2021 and November 17, 2022.

Shareholders concerned about performing as a lead plaintiff representing the category of wronged shareholders have till February 6, 2023 to petition the court docket. Your potential to share in any restoration would not require that you just function a lead plaintiff.

In accordance with a filed grievance, Silvergate Capital Company issued materially false and/or deceptive statements and/or didn’t disclose that: (1) the Firm’s platform lacked adequate controls and procedures to detect situations of cash laundering; (2) Silvergate’s clients had engaged in cash laundering in quantities exceeding $425 million; (3) on account of the foregoing, the Firm was fairly prone to obtain regulatory scrutiny and face damages, together with penalties and reputational hurt; and (4) on account of the foregoing, defendant’s optimistic statements in regards to the Firm’s enterprise, operations, and prospects had been materially deceptive and/or lacked an inexpensive foundation.

Jakubowitz Regulation is vigorous in pursuit of justice for shareholders who’ve been the sufferer of securities fraud. Lawyer promoting. Prior outcomes don’t assure related outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
ninth Flooring
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE Jakubowitz Regulation

Jakubowitz Regulation Reminds Silvergate Shareholders of a Lead Plaintiff Deadline of February 6, 2023