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

Important Update for CUBI Investors

Attention to all shareholders of Customers Bancorp, Inc. (NYSE: CUBI)! If you purchased securities during the class period from March 1, 2024, to August 8, 2024, you may have a chance to lead a significant securities fraud class action lawsuit. This action is spearheaded by Rosen Law Firm, a distinguished global firm dedicated to protecting investor rights.

Key Information

The deadline to apply as a lead plaintiff is set for January 31, 2025. This is a crucial date for investors who wish to take a more active role in the ongoing litigation concerning alleged misleading statements and inadequate compliance related to Customers Bancorp's anti-money laundering practices. With over hundreds of millions recovered in past cases, Rosen Law Firm encourages eligible investors to act swiftly.

How to Join?

Interested investors should not hesitate to claim their potential compensation. To join the class action lawsuit, simply visit their website at Rosen Law Firm's Sign-Up Page. Alternatively, you can reach out directly to Phillip Kim, Esq. at 866-767-3653. Email inquiries can be sent to [email protected]

It's important to understand that joining the class action does not entail any out-of-pocket expenses, as legal fees are covered under a contingency fee arrangement.

Background on the Allegations

The lawsuit emphasizes that throughout the defined period, Customers Bancorp and its representatives allegedly disseminated false and misleading statements, which included claims about their business operations and compliance capabilities. Specifically, the firm claims that:
1. The bank had serious flaws in its anti-money laundering controls.
2. Due to these shortcomings, it faced significant regulatory risks that were not disclosed to investors.
3. Consequently, public statements regarding the company’s health and prospects were deemed materially unreliable.

Once the reality of these situations emerged, the market reacted negatively, and investors potentially faced significant losses.

Why Choose Rosen Law Firm?

Rosen Law Firm stands out due to its unparalleled commitment and extensive expertise in securities litigation. With a proven track record in achieving favorable settlements—including the largest recovery against a Chinese company at one point—the firm prioritizes investor interests. In fact, they were recognized as the top legal firm in securities class action settlements in 2017 and have consistently ranked highly in subsequent years. Therefore, it's crucial to align with a firm that has the necessary experience and resources, rather than firms that act merely as middlemen.

Next Steps for Investors

Potential class members are encouraged not to delay their decisions. For those uncertain about their participation, remember that simply being an eligible member does not require immediate action. Investors can choose to remain passive class members or select other legal counsel if desired. An essential aspect is that participation as a lead plaintiff remains distinct from being part of any future recovery.

Keep an eye on the developments through Rosen Law Firm’s social media channels for ongoing updates. Stay connected with them on LinkedIn, Twitter, and Facebook to remain informed about this case and their various initiatives.

Conclusion

In conclusion, if you have invested in Customers Bancorp, Inc. during the specified period, ensure you explore your options to potentially recover your losses. Time is of the essence; therefore, take prompt action to secure your position in this proceedings. Join forces with a reputable firm like Rosen Law Firm, standing ready to represent your interests in this vital legal action.