#USA #New York #Class Action #Customers Bancorp #Bronstein Gewirtz

Customers Bancorp Investors Alert: Join the Class Action Lawsuit

In December 2024, Bronstein, Gewirtz & Grossman LLC, a prominent law firm, announced that it is now representing investors who have incurred substantial losses linked to Customers Bancorp, Inc. (NYSE: CUBI). A class action lawsuit has already been filed, highlighting serious allegations against the bank and its executives.

Background of the Lawsuit

The suit stems from complaints that indicated Customers Bancorp had significant shortcomings in its anti-money laundering practices. The company is accused of not meeting its legal obligations, which could expose it to greater regulatory scrutiny. Investors who acquired Customers Bancorp securities between March 1, 2024, and August 8, 2024, are strongly encouraged to participate in this lawsuit, as it seeks to recover damages related to alleged violations of federal securities laws during this time frame.

Allegations Against Customers Bancorp

The primary allegations include that the leadership at Customers Bancorp made misleading statements regarding the company's operational stability and management compliance. These misrepresentations have led investors to unwittingly purchase securities under false pretenses, severely impacting their investments when the truth behind the company's practices was uncovered.

According to the filed complaint, the defendants failed to disclose critical information regarding:
1. Inadequate Anti-Money Laundering Practices: This has raised concerns about the bank’s internal controls.
2. Heightened Regulatory Risks: Due to non-compliance with legal obligations, there is increased exposure to regulatory penalties.
3. Materially False Statements: Statements made by the company regarding its operations were misleading, lacking a sound basis in factual reality.

As these details became public knowledge, many investors reportedly suffered losses, which has paved the way for the class action suit.

Joining the Lawsuit

Investors who are concerned about their losses in Customers Bancorp are urged to act promptly. You can join this class action lawsuit at any time until January 31, 2025, when the court will appoint the lead plaintiffs. Importantly, individuals do not need to take on the responsibility of being a lead plaintiff in order to recover any potential losses.

To gain more information or to review the official complaint details, investors can visit the firm’s website at bgandg.com/CUBI. The firm's managing attorney, Peretz Bronstein, along with Client Relations Manager Nathan Miller, are also available for direct inquiries at 332-239-2660.

What You Need to Know

Representatives from Bronstein, Gewirtz & Grossman LLC emphasize that participation in this lawsuit is at no upfront cost to investors. The firm works on a contingency fee basis, meaning that costs related to attorneys' fees and other expenses will only be taken from any recovery awarded by the court. This financial model provides a significant advantage for investors, offering them legal representation without initial financial burdens.

Why Bronstein, Gewirtz & Grossman LLC?

Renowned for their expertise in securities fraud class actions, Bronstein, Gewirtz & Grossman LLC has a proven track record of recovering billions for defrauded investors across the nation. The firm’s commitment to advocating for the rights of investors is evident through its extensive history and successful outcomes.

In conclusion, if you have experienced losses related to Customers Bancorp, consider engaging with this ongoing lawsuit to potentially recover your funds. Acting sooner rather than later can make a significant difference in your chances of obtaining recovery.

For continued updates, investors are encouraged to keep an eye on developments via the firm's website and directly through media releases.