#United States #New York #Class Action #The Gross Law Firm #Customers Bancorp

Customers Bancorp, Inc. Shareholder Class Action Invite

In recent news, The Gross Law Firm has extended an invitation to shareholders of Customers Bancorp, Inc. (CUBI) who experienced financial losses to participate in a class action lawsuit. This initiative aims to hold the company accountable for alleged misconduct during the specified class period.

Background on Customers Bancorp, Inc.

Customers Bancorp, Inc., listed on the New York Stock Exchange under the ticker symbol CUBI, offers commercial banking services, primarily focusing on leasing and lending solutions for businesses. The bank has recently faced scrutiny due to claims suggesting that it may have failed to comply with regulatory standards, particularly regarding anti-money laundering practices.

Details of the Class Action

According to the notice published by The Gross Law Firm, shareholders who acquired shares between March 1, 2024, and August 8, 2024, are encouraged to reach out for information regarding the class action lawsuit. It is important to note that registering for the class action does not necessitate being named as a lead plaintiff, providing every investor a chance to participate in the recovery process.

Allegations Against CUBI

The complaint against Customers Bancorp alleges multiple serious allegations:
1. Inadequate Anti-Money Laundering Practices: The firm is accused of having insufficient systems in place to prevent money laundering, raising significant regulatory concerns.
2. Legal Non-Compliance: It is claimed that the bank's practices did not meet legal standards, resulting in increased scrutiny from regulators.
3. Misleading Statements: Investors argue that the company's communications regarding its business operations and growth prospects were misleading and lacked a factual basis during the class period.

Important Deadlines

The Gross Law Firm has set a critical deadline of January 31, 2025, for investors to register for the class action. They urge shareholders not to delay, as timely registration is essential for participation.

Once shareholders register, they will gain access to portfolio monitoring services that will keep them updated on the status of the case. This service aims to ensure that investors remain informed throughout the legal proceedings without incurring any fees or obligations.

Why Choose The Gross Law Firm?

The Gross Law Firm is a nationally recognized legal entity specializing in class action lawsuits on behalf of investors. The firm emphasizes its commitment to protecting investor rights and promoting responsible business practices. By participating in this class action, investors affected by Customers Bancorp's alleged actions can seek to recover their losses while encouraging accountability within the financial sector.

Next Steps for Investors

Affected shareholders should consider taking action promptly by following the registration link provided by The Gross Law Firm. For those uncertain about their eligibility or the process involved, legal guidance is readily available. Investors are advised to meticulously review their purchase histories and reach out for assistance in completing the registration forms.

In conclusion, the opportunity for affected shareholders of Customers Bancorp, Inc. to join this class action does not come without urgency. Registered investors can hope for a recovery from their financial setbacks attributed to the alleged misconduct within the company. Active participation not only seeks restitution but also promotes a culture of accountability in the business landscape.

For further details and registration, investors can visit The Gross Law Firm's official website or contact them directly through their New York office.