The settlement of this federal securities fraud class action lawsuit is on behalf of investors who purchased or otherwise acquired Silvergate Capital Corporation (“Silvergate”) (NYSE: SI) (1) securities pursuant and/or traceable to (a) three offerings of Silvergate common stock conducted on or about January 22, 2021, from March 9 through May 18, 2021, and on or around December 7, 2021, and (b) the initial public offering (“IPO”) of Silvergate Preferred Stock, conducted on or around July 29, 2021; and/or (2) common stock between November 7, 2019 and March 21, 2023, inclusive (the “Class Period”).
Silvergate agreed to pay $37,500,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On September 3, 2025, the Court granted Final Approval of the Class Action Settlement. This action has concluded.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Silvergate (1) securities pursuant and/or traceable to (a) three offerings of common stock in 2021, and (b) the IPO; and/or (2) common stock between November 7, 2019 and March 21, 2023, inclusive.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $37,500,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim is October 21, 2025. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.SilvergateSecuritiesLitigation.com, or contact the claims administrator, JND Legal Administration, at 1-866-287-0746.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.