#United States #New York #Levi & Korsinsky #Customers Bancorp #CUBI lawsuit

Class Action Lawsuit Filed Against Customers Bancorp, Inc.

On December 27, 2024, Levi & Korsinsky, LLP announced the initiation of a class action lawsuit aimed at investors of Customers Bancorp, Inc. (CUBI), following allegations of securities fraud that occurred between March 1, 2024, and August 8, 2024. This lawsuit seeks to represent all investors who suffered losses during this timeframe.

The Allegations

According to the filed complaint, it is alleged that the company misled investors regarding its anti-money laundering practices. The following claims form the basis of the lawsuit:

1. Inadequate Anti-Money Laundering Practices: Customers Bancorp purportedly failed to maintain sufficient measures to combat money laundering.
2. Regulatory Non-Compliance: The lack of proper practices led to non-compliance with legal obligations, increasing exposure to regulatory scrutiny.
3. Misleading Statements: As a result, the defendants’ assertions concerning the company’s business operations, future prospects, and general performance were markedly false and misleading.

If you were an investor in Customers Bancorp during the relevant period and believe you may have been affected by these alleged infractions, you have until January 31, 2025, to request that the court appoint you as a lead plaintiff.

Participation Benefits

Participating in this class action may entitle you to compensation without any upfront costs. No payments or financial commitments are required from class members, making it a risk-free opportunity to potentially recover losses. If you prefer not to act as a lead plaintiff, you can still be part of the recovery process.

Why Choose Levi & Korsinsky?

For over two decades, the legal team at Levi & Korsinsky has built a strong reputation for representing investors in complex securities litigation. They have secured hundreds of millions of dollars in settlements and verdicts for their clients. The firm prides itself on its extensive experience and a proven track record of success. Their commitment to serving clients is reflected in their ranking as one of the top securities litigation firms in the United States for seven consecutive years according to ISS Securities Class Action Services.

Get in Touch

If you wish to learn more about the class action or have any questions, you can reach out to Joseph E. Levi, Esq. at email protected] or call (212) 363-7500. Alternatively, to find out more about the lawsuit, you can visit their [online submission form.

Conclusion

As an investor, it is crucial to stay informed about any potential legal actions that may impact your investments. The class action lawsuit against Customers Bancorp, Inc. represents an important opportunity for affected investors to seek justice and recover their losses. Take note of the deadline to join, and don’t hesitate to contact Levi & Korsinsky for assistance in this matter.