RADNOR, Pa., Jan. 06, 2023 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is informing investors that a securities class action lawsuit has been filed against Silvergate Capital Corporation (“Silvergate”) in the United States District Court for the Southern District of California. S.I. The lawsuit alleges Silvergate’s violations of federal securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. As a result of Silvergate’s materially misleading public statements and omissions, investors in Silvergate have suffered significant losses.

CLICK HERE TO SUBMIT YOUR SILVERGATE LOSSES. YOU CAN ALSO CLICK OR COPY AND PASTE THE FOLLOWING LINK INTO YOUR BROWSER: https://www.ktmc.com/new-cases/silvergate-capital-corporation?utm_source=PR&utm_medium=link&utm_campaign=si&mktm=r

TIME LIMITS: FEBRUARY 6, 2023

COURSE PERIOD: NOVEMBER 9, 2021 TO NOVEMBER 17, 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at (484) 270-1453 or email at info@ktmc.com

Kessler Topaz is one of the world’s leading advocates for protecting the public from corporate fraud and other wrongdoing. Our securities fraud litigators are consistently recognized individually as leaders in the field, and our firm is feared and respected by both the defense and the Insurance Board. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

SILVERGATE’S ALLEGED MISCONDUCT
The class action period begins on November 9, 2021. On that date, Silvergate filed its quarterly report on Form 10-Q for the period ended September 30, 2021, assuring investors that the Company’s “disclosure controls and procedures as of September 30 were effective, 2021.”

On November 15, 2022, Marcus Aurelius Research tweeted that “[r]Recently subpoenaed Silvergate bank documents reveal $425 million in transfers from SI crypto bank accounts to…