LOS ANGELES–(BUSINESS WIRE)–The 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 violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent 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 links to a money laundering operation that transferred $425 million off cryptocurrency platforms following the collapse of FTX. Based on this news, Silvergate shares fell by more than 7.7% in intraday trading on the next day.
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We also encourage you to contact Brian Schall of the 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 through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
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 take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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