Silvergate Investor Class Action Over AML and Disclosure Practices
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Silvergate Bank · Silvergate Exchange Network and banking services · Settlement Reached
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About this case
Investors alleged that Silvergate Bank misrepresented its anti-money-laundering controls and customer-vetting practices in connection with transactions processed through its Silvergate Exchange Network. The investor class action reached a reported $37.5 million settlement.
Case overview
- Defendant company
- Silvergate Bank
- Product or service
- Silvergate Exchange Network and banking services
- Court case number
- 3:22-cv-01936-JES-MSB
- Case status
- Settlement Reached
- Lawsuit type
- Securities
- Reported harm
- Misrepresentation
Participation information
Availability is based on each listed participation option and its deadline.
Settlement Claim
- Type
- Settlement Claim
- Status
- Unknown
- Total settlement amount
- $37,500,000
This information does not determine whether you qualify for a case.
Sources
Public reporting associated with this case.
- Silvergate Investor Class Action Over AML and Disclosure Practices
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