SI SHAREHOLDER ALERT: Jakubowitz Law Reminds Silvergate Shareholders of a Lead Plaintiff Deadline of February 6, 2023

NEW YORK, Feb. 3, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Silvergate Capital Corporation (NYSE: SI).

To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/silvergate-capital-lawsuit-loss-submission-form/?id=36163&from=4

The lawsuit seeks to recover losses for shareholders who purchased Silvergate between November 11, 2020 and January 5, 2023.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until February 6, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Silvergate Capital Corporation 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.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: [phone]
F: [phone]

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SOURCE Jakubowitz Law

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