Investors of Customers Bancorp, Inc. Should Consider Joining Securities Fraud Class Action

Key Insights into the Customers Bancorp, Inc. Securities Class Action

The Rosen Law Firm, an esteemed global law firm specializing in investor rights, is actively reminding individuals who purchased shares of Customers Bancorp, Inc. (NYSE: CUBI) between March 1, 2024, and August 8, 2024, about an important pending legal matter. A class action lawsuit has been filed against the bank, and investors have been urged to take swift action regarding their potential claims.

Understanding the Class Action and Eligibility

If you bought securities of Customers Bancorp during the specified Class Period, you might be entitled to compensation, which could be pursued without upfront costs thanks to a contingency fee arrangement. The deadline to apply to serve as lead plaintiff is January 31, 2025. A lead plaintiff represents other investors in guiding the litigation process.

To join this lawsuit, investors can access the necessary forms via the Rosen Law Firm’s website or contact Phillip Kim, an attorney at the firm, if they seek further clarification on their involvement or next steps.

The Significance of Legal Representation

Choosing the right legal team is crucial in these cases. Unlike some firms that merely act as intermediaries, the Rosen Law Firm has an impressive track record in handling securities fraud cases. Notably, the firm has achieved substantial settlements in the past, including one of the largest securities class action settlements involving a Chinese company, and has consistently been ranked among the top firms for such settlements over the years.

In 2019, the firm successfully secured over $438 million for clients in various securities cases, which underscores their effectiveness and commitment to their clients. Founding partner Laurence Rosen has even been recognized as a leading figure in the plaintiffs' bar by respected publications.

Case Details: The Allegations Against Customers Bancorp

The lawsuit revolves around allegations that Customers Bancorp misled investors about its operational integrity. Specifically, the suit claims that throughout the Class Period, the company's executives made materially false or misleading representations, while failing to disclose critical information regarding their anti-money laundering practices. This concealment put the company at heightened regulatory risk and misrepresented its operational stability and growth prospects.

When the truth surfaced, investors reportedly suffered significant financial losses as the value of their investments reflected the reality of the company's regulatory compliance failures.

Next Steps for Affected Investors

For those who bought into Customers Bancorp stock during the Class Period, now is the time to consider joining the class action lawsuit. Investors should not wait until it's too late; act before the deadline to ensure they preserve their rights to claim possible damages.

Investors can also remain as absent class members if they choose not to get directly involved, but this could limit their potential recovery in any future settlements.

Do not hesitate to follow the Rosen Law Firm’s updates on platforms like LinkedIn, Twitter, and Facebook, ensuring that you stay informed about the developments in the case and any new actions that might affect your interests.

Conclusion

As this case unfolds, it presents a pivotal opportunity for CUBI investors to take a stance against alleged wrongful conduct by Customers Bancorp, Inc. With a strong legal team at your side, navigating these complex proceedings could lead to the compensation you deserve. Remember, securing representation early can make all the difference in the outcome of complex legal engagements.