#United States #New York #Securities Fraud #Rosen Law Firm #Customers Bancorp

CUBI Investors: Important Steps in Customers Bancorp Securities Fraud Lawsuit

The Rosen Law Firm has issued a crucial reminder for investors of Customers Bancorp, Inc. (NYSE: CUBI) regarding a securities fraud lawsuit that could present significant opportunities for compensation. If you acquired shares during the specified class period from March 1, 2024 to August 8, 2024, it’s imperative to consider your next steps before the lead plaintiff deadline on January 31, 2025.

Understanding Your Rights

Purchasers of securities during the aforementioned timeframe might be eligible for compensation without incurring any out-of-pocket expenses, thanks to a contingency fee agreement. This means that legal fees and costs will be only deducted from any potential recovery, allowing you to pursue justice without financial risk.

Joining the Class Action

For those interested in participating in the Customers Bancorp class action, the process is straightforward. Investors can either visit the Rosen Law Firm’s website to complete a submission form or reach out to Phillip Kim, Esq. via the toll-free number 866-767-3653 for more information. You can also send inquiries through email to [email protected].

It is crucial to act before the deadline if you intend to be recognized as a lead plaintiff. The lead plaintiff plays a vital role in directing the litigation process on behalf of other class members.

The Rosen Law Firm's Distinct Approach

The Rosen Law Firm stands out among legal counsel options due to its notable track record in managing securities class actions. Many law firms merely act as intermediaries, lacking the essential litigating experience or resources that the Rosen Law Firm possesses. Rosen Law Firm has been recognized for effectively representing investors globally and has achieved substantial settlements, including one of the largest securities class action settlements involving a Chinese company.

Throughout its history, the firm has consistently ranked within the top tier for settlement achievements, recovering hundreds of millions for investors over the years. For instance, in 2019 alone, they secured an impressive $438 million in recoveries for their clients. The firm's reputation is reflected in accolades, including being named Law360’s Titan of the Plaintiffs' Bar for its founding partner, Laurence Rosen.

Details Surrounding the Legal Allegations

The lawsuit presents allegations against Customers Bancorp that its management provided materially misleading statements regarding the company's operations and regulatory compliance. The primary claims include that Customers Bancorp failed to maintain adequate anti-money laundering practices, leading to significant regulatory risks and misleading investors. As a result, when the misleading nature of the defendants’ statements became publicly known, affected investors may have incurred significant losses.

Final Notes

It is essential for prospective plaintiffs to understand that class certification must occur before they can be officially represented by counsel unless they choose one for themselves. Additionally, participation as a lead plaintiff isn’t necessary to recover potential damages from the lawsuit. Current and potential investors should stay informed on these developments, as the landscape can shift rapidly.

Follow updates from the Rosen Law Firm on their LinkedIn, Twitter, or Facebook to get the latest news about this ongoing case and other investor rights updates.

For further inquiries or more detailed information, please reach out to the contact points specified above. Attorney advertising disclosures apply, as previous results do not guarantee similar outcomes in future cases.