#United States #New York #Gross Law Firm #Customers Bancorp #CUBI

Overview of the Class Action Against Customers Bancorp, Inc.

The Gross Law Firm has issued a crucial announcement regarding a pending class action lawsuit involving Customers Bancorp, Inc. (NYSE: CUBI). This notice aims to inform shareholders who purchased CUBI stocks between March 1, 2024, and August 8, 2024, about their potential involvement in the lawsuit and the opportunity for recovery.

Allegations Against Customers Bancorp

The allegations presented in the complaint assert that during the specified class period, Customers Bancorp failed to maintain adequate anti-money laundering practices. As a consequence, the company did not comply with its legal obligations, placing it at a heightened risk of regulatory scrutiny. This lack of compliance misled investors about the financial integrity and operational stability of the bank, leading to materially false and misleading statements from the company.

The key issues highlighted include:
1. Inadequate Anti-Money Laundering Practices: The firm failed to uphold necessary protocols to prevent money laundering, which is vital for any financial institution to operate legally and ethically.
2. Regulatory Compliance Risks: The non-compliance with legal requirements exposed Customers Bancorp to possible legal actions and financial penalties from regulatory agencies, affecting its operational sustainability.
3. Misleading Statements: Statements made by the company regarding its business performance and future outlook were not based on factual realities, leaving investors with an inflated perception of the company's stock value.

Next Steps for Investors

The deadline for potential lead plaintiffs to register is set for January 31, 2025. Interested shareholders are urged not to delay in registering as time is of the essence. By registering, shareholders will receive updates and monitoring throughout the lifecycle of the case, ensuring they stay informed about any developments.

Shareholders who wish to assert their role in the lawsuit can easily register through the Gross Law Firm's dedicated page for the Customers Bancorp class-action submission. The firm emphasizes that participation in this case incurs no cost or obligation, simplifying the process for affected investors.

Why Choose Gross Law Firm?

The Gross Law Firm stands out as a nationally recognized class action firm committed to safeguarding investor rights. Their mission revolves around addressing deceitful, fraudulent, and illegal business practices that harm investors. The firm promotes responsible corporate governance and works tirelessly to ensure businesses are held accountable for their actions.

Incorporating advanced legal strategies, the Gross Law Firm strives to recover losses for investors who have been adversely impacted due to misinformation or omissions of critical information that artificially inflated stock prices.

Contact Information

For investors who may have questions or need assistance regarding this case, the law firm's contact details are:

• - Address: The Gross Law Firm, 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Phone: (646) 453-8903
• - Email: [email protected]

This class action lawsuit against Customers Bancorp is an essential reminder of the necessity for transparency and compliance within financial institutions, a cornerstone for maintaining investor confidence and market integrity. Interested shareholders are encouraged to act promptly to protect their rights as investors.