Pomerantz LLP — a firm dedicated to representing the rights of defrauded investors — filed a class action lawsuit against Silvergate Capital over alleged violations of the Securities Exchange Act.
The lawsuit was filed in the US District Court for the Southern District of California on behalf of all individuals and entities who purchased or acquired Silvergate securities between Nov. 9, 2021, and Nov. 17, 2022 (the “Class Period).
The class action complaint alleges Silvergate Capital violated the Securities Exchange Act of 1934 by making:
“False and/or misleading statements, as well as {failing} to disclose material adverse facts about the Company’s business, operations, and prospects.”
(By Josh O'Sullivan)
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