#USA #New York #Class Action #Rosen Law Firm #Customers Bancorp

Recent Developments in the Customers Bancorp Case

In an important development in the financial sector, the Rosen Law Firm has initiated a class action lawsuit against Customers Bancorp, Inc. (NYSE: CUBI). This lawsuit serves as a vital opportunity for investors who purchased their securities between March 1, 2024, and August 8, 2024. The class action aims to address allegations of securities fraud against the company, and those impacted may be entitled to compensation without incurring out-of-pocket costs due to a contingency fee arrangement.

Understanding the Allegations

The core of the lawsuit revolves around serious allegations against Customers Bancorp regarding their anti-money laundering (AML) practices. Inside sources and recent investigations suggest that the bank has had significant shortcomings in adhering to the legal obligations associated with AML protocols. Specifically, the lawsuit claims that:

1. Inadequate AML Practices – Customers Bancorp reportedly had deficient practices in place that did not comply with the required regulations.
2. Heightened Regulatory Risk – Due to these lapses, the institution was under increased scrutiny from regulators, exposing them to potentially severe legal consequences.
3. Misleading Public Statements – The lawsuit asserts that the company’s public declarations about its business operations and future prospects were fundamentally misleading, leading investors to make decisions based on false information.

The aforementioned factors have culminated in significant investor losses, prompting the Rosen Law Firm to take action on behalf of those affected.

The Path Forward for Investors

Investors who bought Customers Bancorp shares during the specified class period are encouraged to consider joining the action. They can submit claims through the Rosen Law Firm’s easy-to-navigate online form at Rosen Legal. Alternatively, potential claimants can reach out directly by calling Phillip Kim, Esq. toll-free at 866-767-3653.

It is important for investors to act swiftly; if individuals wish to take on the role of lead plaintiff, they must file their motion with the court by January 31, 2025. The lead plaintiff plays a crucial role in guiding the class action lawsuit and represents the group in the litigation process.

Why Choose Rosen Law Firm?

Investors are urged to select legal representation that holds a proven track record of success in similar securities cases. The Rosen Law Firm has established itself as a leader in securities class actions, with numerous successful outcomes for shareholders. Notably, they have achieved substantial settlements against various corporations, demonstrating their capabilities in advocating for investor rights. The firm was notably recognized for securing over $438 million in recoveries for investors in 2019 alone and has consistently been ranked among the top firms for securities class action settlements.

Conclusion

With the commencement of this class action lawsuit, CUBI investors must consider their options carefully. The Rosen Law Firm provides an avenue for those potentially affected by the alleged securities fraud to recover their losses. This initiative highlights the crucial role of legal proceedings in holding corporations accountable for their practices and protecting the interests of investors. For ongoing updates about the case and further information, interested parties can follow the Rosen Law Firm on various social media platforms or their official website.

For further assistance, feel free to contact the Rosen Law Firm directly at their New York office:

Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll-Free: (866) 767-3653
Email: [email protected]

This is a significant moment for CUBI investors to take action and seek justice for their potential losses. Don’t miss the opportunity to be involved in this class action lawsuit.