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

Customers Bancorp, Inc. Class Action Overview

The Gross Law Firm has issued an important notice regarding Customers Bancorp, Inc. (NYSE: CUBI), specifically for shareholders invested in the company's stock during a critical period. Investors who acquired shares from March 1, 2024, to August 8, 2024, are encouraged to act before the January 31, 2025 deadline to be part of a significant class action lawsuit.

Allegations Against Customers Bancorp

The class action lawsuit revolves around allegations that the bank engaged in practices deemed inadequate for anti-money laundering compliance. This failure not only placed the firm at risk of heightened regulatory scrutiny but also led to the dissemination of materially false or misleading statements concerning the bank’s operations and future prospects. Specifically, the allegations state that:

1. Customers Bancorp maintained insufficient protocols to combat money laundering.
2. The company was not in compliance with its legal obligations, which increased its regulatory risk.
3. Defendants' comments regarding Customers Bancorp’s financial health and viability were misleading and lacked a sound basis.

These accusations are critical as they imply significant failures in corporate governance and oversight, potentially impacting shareholder value and the company’s overall reputation in the financial market.

Steps for Affected Shareholders

Shareholders who bought CUBI shares during the defined period should not hesitate to contact the Gross Law Firm for guidance on the claims process. By doing so, they can register for the lawsuit, which allows them to monitor the case's progress through dedicated portfolio software.

It is essential to note that while registering as a lead plaintiff is an option, it is not mandatory for participating in any financial recovery resulting from the settlement.

The firm emphasizes the importance of this lawsuit not just for the potentially affected investors but also as a measure to ensure that current and future regulatory obligations are met by Customers Bancorp.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized nationally for advocating for the rights of investors, particularly those who have suffered from corporate wrongdoing. They have a strong commitment to holding companies accountable for deceitful practices that result in shareholder losses. Their approach aims to ensure companies maintain ethical standards and comply with regulatory frameworks, thereby protecting investor interests.

Contact Information

For shareholders interested in additional information or assistance, the Gross Law Firm welcomes inquiries:

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

Conclusion

As the deadline approaches, it becomes increasingly crucial for shareholders of Customers Bancorp, Inc. to remain informed and participate in this class action. The outcome of this litigation could provide meaningful relief for shareholders impacted by alleged corporate malpractices. Investors are urged to act swiftly to ensure their rights are protected in this evolving legal saga.