Nationally Ranked Investors’ Rights Firm Holzer and Holzer, LLC Announces Investigation of Silvergate Capital Corporation (SI)
Holzer & Holzer, LLC is investigating Silvergate Capital Corporation (NYSE:SI) regarding potential compliance with federal securities laws.
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Rhea-AI Summary
Holzer & Holzer, LLC is investigating Silvergate Capital Corporation (NYSE:SI) regarding potential compliance with federal securities laws. The inquiry follows the Company’s announcement of Q3 2022 financial results on October 18, 2022, revealing that quarterly earnings fell short of analyst expectations. Additionally, volumes on the Silvergate Exchange Network decreased compared to industry performance. As a result, Silvergate's stock price experienced a decline.
Positive
- None.
Negative
- Q3 2022 earnings missed analyst estimates.
- Volumes on the Silvergate Exchange Network decreased compared to the overall industry.
Details
News Market Reaction – SI
The recorded move for SI in the trading session of this news was -22.72%.
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ATLANTA, GA / ACCESSWIRE / October 18, 2022 / - - Holzer & Holzer, LLC is investigating whether Silvergate Capital Corporation ("Silvergate" or the "Company") (NYSE:SI) complied with federal securities laws. On October 18, 2022, the Company reported third quarter 2022 financial results, which revealed that quarterly earnings missed analyst estimates. The Company further reported that "volumes on the Silvergate Exchange Network (SEN) decreased this quarter compared to the overall industry." Following this announcement, the Company's stock price dropped.
If you purchased Silvergate stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/silvergate/ to discuss your legal rights.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
SOURCE: Holzer & Holzer
View source version on accesswire.com:
https://www.accesswire.com/720890/Nationally-Ranked-Investors-Rights-Firm-Holzer-and-Holzer-LLC-Announces-Investigation-of-Silvergate-Capital-Corporation-SI
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