#United States #New York #Securities Fraud #Customers Bancorp #Pomerantz LLP

Pomerantz Law Firm Alerts Shareholders of Customers Bancorp

Recently, Pomerantz LLP, an established law firm known for corporate litigation, announced a class action lawsuit against Customers Bancorp, Inc. (NYSE: CUBI). This legal action is particularly concerning for shareholders who have incurred losses due to the company's recent troubles.

Background of the Case

Customers Bancorp came under scrutiny when allegations surfaced regarding possible securities fraud and unlawful business practices. As part of the suit, affected shareholders are encouraged to contact the firm's representative, Danielle Peyton, for further information about filing a claim. Investors who bought shares during the specified class period are especially urged to take action before the deadline of January 31, 2025, to become involved as Lead Plaintiffs in this case.

Two significant events reportedly triggered the recent drop in Customers Bancorp’s stock price. On April 12, 2024, the company announced the termination of Chief Financial Officer Carla A. Leibold for cause, leading to a sharp decline in share value. According to reports, the CFO is disputing the company's claims regarding her dismissal, which has attracted further attention to the company’s internal governance practices. Following this announcement, shares dropped by nearly 5%.

Another noteworthy event occurred on August 8, 2024, when the Federal Reserve's review indicated serious deficiencies in Customers Bancorp's risk management and anti-money laundering compliance. Such disclosures have exacerbated fears surrounding the bank and its operations, with the stock facing further declines as a consequence.

The Importance of Compliance and Governance

This lawsuit underscores the critical nature of compliance, particularly in the financial industry. Customers Bancorp's challenges reflect a broader trend where corporate governance and risk management are scrutinized more than ever. As institutions face heightened regulatory oversight, shareholders have a duty to remain vigilant about the companies they invest in.

For the citizens and stakeholders involved, this lawsuit serves as a reminder of the importance of corporate responsibility and accountability. Pomerantz LLP has a proud history of representing shareholders' interests and seeking justice for those affected by corporate misdeeds.

Conclusion and Next Steps

Shareholders wishing to join the class action should promptly reach out to Pomerantz LLP, as the firm continues to assess potential claims. Time is of the essence for those looking to regain losses tied to their investments in Customers Bancorp. As the legal proceedings unfold, the firm is dedicated to ensuring that shareholders' rights are protected and that they have recourse against any form of securities fraud.

For additional details regarding this class action or to initiate a claim, investors can visit Pomerantz Law Firm’s website or contact Danielle Peyton at 646-581-9980.