New York, New York--(Newsfile Corp. - February 21, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Silvergate Capital Corporation ("Silvergate" or "Silvergate Capital") (NYSE: SI) breached their fiduciary duties to Silvergate and its shareholders.
The investigation concerns whether Silvergate Capital's board failed to disclose material information, including whether Silvergate misled investors and failed to disclose that (i) Silvergate'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; and (3) as a result of the foregoing, Silvergate was reasonably likely to receive regulatory scrutiny and face damages, including penalties and reputational harm; and whether statements about Silvergate Capital's business, operations, and prospects lacked a reasonable basis.
SILVERGATE CAPITAL INVESTORS WHO HAVE HELD THEIR SILVERGATE STOCK SINCE AT LEAST NOVEMBER 14, 2022 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR SECURITIES.
SHAREHOLDERS OF SILVERGATE WHO HAVE HELD THEIR STOCK SINCE AT LEAST NOVEMBER 14, 2022ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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