#United States #New York #Gross Law Firm #Customers Bancorp #CUBI

Customers Bancorp, Inc. Legal Troubles: A Closer Look

In a significant legal development, Customers Bancorp, Inc. (stock symbol: CUBI) is currently embroiled in a lawsuit that raises serious allegations regarding securities law violations. The Gross Law Firm has issued a notice specifically targeting shareholders of the company, encouraging them to reach out for more information. This article dives into the details surrounding the lawsuit, its implications for investors, and the necessary steps for shareholders involved in this matter.

Background of the Case

The Gross Law Firm is bringing attention to shareholders who purchased shares of Customers Bancorp during the class period, which spans from March 1, 2024, to August 8, 2024. The firm is reaching out to these investors, inviting them to participate in discussions regarding the potential appointment as lead plaintiffs involved in this class action lawsuit. It is crucial to note that being appointed as a lead plaintiff isn’t a prerequisite for participating in any possible recovery from the lawsuit.

Allegations Against Customers Bancorp

The lawsuit surrounds serious allegations aimed at the practices of Customers Bancorp, particularly a failure to maintain adequate anti-money laundering (AML) protocols. Some of the key points raised in the complaint are:
1. Inadequate AML Practices: The allegations suggest that Customers Bancorp failed to implement sufficient anti-money laundering practices, thus breaching their legal obligations.
2. Increased Regulatory Risk: Due to their alleged non-compliance with laws and regulations, the company's risk of facing heightened regulatory scrutiny has significantly increased.
3. Misleading Statements: The claim asserts that the company's management made materially false statements regarding the business's operations, which misled shareholders and the public.

These issues raise questions about the transparency of Customers Bancorp's operations and the seriousness with which it handles regulatory compliance.

Deadlines and Next Steps for Shareholders

For shareholders, there is a critical deadline on January 31, 2025, for those wishing to be considered for lead plaintiff status. It is imperative for all shareholders who purchased shares within the specified time frame to register for this class action. Failure to act may minimize their opportunity to recover possible losses.

All interested shareholders can register their information through a designated link provided by the Gross Law Firm. Once registered, they will receive updates through a portfolio monitoring system to stay informed about the case's developments.

Why Choose The Gross Law Firm?

The Gross Law Firm has established itself as a recognized name in handling class action lawsuits and protecting investors' rights. Their commitment to ensuring that corporations adhere to ethical business practices sets them apart. The firm advocates for shareholders who have incurred losses as a direct consequence of alleged fraudulent activities by companies.

Through their efforts, they aim to secure justice and recovery for investors misled due to a company's misleading statements or omitting crucial information that could affect the market price of stocks.

Contact Information for Investors

For shareholders interested in seeking more information or involved in this case, The Gross Law Firm can be contacted at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: info@grosslawfirm.com
• - Phone: (646) 453-8903

As developments unfold in this case, it serves as a crucial reminder of the importance of diligence and transparency in the financial sector. Investors affected by the situation are encouraged to take proactive steps to safeguard their investments and seek guidance through the legal avenues available to them.