Silvergate Capital Corp (SICP)

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Grabar Law Office Investigates Claims on Behalf of Shareholders of Silvergate Capital Corporation (SI)
by
Newsfile
January 6, 2023 5:23 PM | 1 min read







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Philadelphia, Pennsylvania--(Newsfile Corp. - January 6, 2023) - According to a recently filed shareholder complaint, Silvergate Capital Corporation a digital currency company, and certain of its officers, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, it is alleged that the Company and its officers failed to disclose that the Company's platform lacked sufficient controls and procedures to detect instances of money laundering such that Silvergate's customers had engaged in money laundering in amounts exceeding $425 million and, as a result, Silvergate was likely to receive regulatory scrutiny and face damages.

If you are a current Silvergate shareholder who has held the stock since at least November 9, 2021, you may be able seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award.

If you would like to learn more about this matter at no cost to you, visit https://grabarlaw.com/the-latest/silvergate-shareholder-investigation/, contact us at [e-mail], or call 267-507-6085.