#USA #New York #Class Action #Securities Fraud #Customers Bancorp

Class Action Lawsuit Notification for Customers Bancorp, Inc.

If you've invested in Customers Bancorp, Inc. (NYSE: CUBI) and experienced financial losses, it's crucial to pay attention to recent developments. A class action lawsuit has been filed by Levi & Korsinsky, LLP, which aims to advocate for investors negatively impacted by alleged securities fraud occurring over a specific timeframe.

Key Details of the Class Action

The lawsuit applies to investors who purchased shares between March 1, 2024, and August 8, 2024. The complaint alleges serious violations including:

• - Customers Bancorp having insufficient anti-money laundering practices.
• - The company failing to meet necessary legal obligations, exposing it to greater regulatory scrutiny.
• - Various misleading statements regarding Customers Bancorp's business status and future prospects.

The class action seeks financial recovery for shareholders who suffered losses during this period, aiming to hold accountable those responsible for disseminating what are alleged to be false and misleading statements affecting the company’s stock value.

Important Dates and Actions

Investors have until January 31, 2025 to potentially be appointed as lead plaintiffs in this suit. However, it's worthwhile to note that participating in the case does not necessitate lead plaintiff status for investors to recoup potential damages.

Cost-Free Participation

Crucially, participants in this class action can pursue their claims at no additional cost. There are no upfront fees or obligations involved in the process, making it accessible for those wanting to reclaim their financial losses related to Customers Bancorp.

Why Levi & Korsinsky?

Levi & Korsinsky has a strong legacy within the sphere of securities litigation, having navigated complex cases effectively over the past two decades. Their experience encompasses securing hundreds of millions of dollars on behalf of their clients, making them a solid choice for those looking to engage in this class action. Notably, they’ve been recognized consistently as a leader in this field according to ISS Securities Class Action Services.

How to Get Involved

Affected investors can reach out for further details on how to join this class action. You can contact Joseph E. Levi, Esq. by email at [email protected] or phone at (212) 363-7500 for inquiries. Additionally, the firm provides a link for direct class action submission, allowing investors to formally express their interest in joining the lawsuit.

Given the substantial stakes involved and the complexity of securities laws, taking action could be pivotal for affected investors. If you're one of those impacted by these alleged fraudulent actions, initiating contact with Levi & Korsinsky might be your first step towards recovery.