CUBI Investors Urged to Join Class Action Against Customers Bancorp for Loss Recovery
CUBI Investor Alert: Class Action Lawsuit Against Customers Bancorp
Introduction
In a significant development for investors impacted by losses in Customers Bancorp, Inc. (NYSE: CUBI), the nationally respected law firm, Bronstein, Gewirtz & Grossman, LLC, has announced the initiation of a class action lawsuit against the company and certain executives. This lawsuit has been established to address potential violations of federal securities laws that occurred from March 1, 2024, to August 8, 2024.
Background on the Class Action
The newly filed lawsuit seeks to provide recovery for damages incurred by all individuals and entities that purchased or acquired Customers Bancorp securities during the specified period. As per the class definition, this legal action focuses primarily on allegations that the defendants—certain officers of Customers Bancorp—made misleading statements and omitted crucial information regarding the company’s compliance and operational practices. Investors are encouraged to engage in this lawsuit by visiting the firm's website at bgandg.com/CUBI for further information.
Details of the Allegations
The complaint against Customers Bancorp specifically claims that throughout the class period, the defendants failed to disclose critical issues related to anti-money laundering practices, which allegedly put the company at heightened regulatory risk. The lawsuit explicitly outlines that these oversights have caused misleading portrayals of Customers Bancorp's business operations and future prospects.
This lack of compliance with legal obligations represents a severe misstep that fundamentally affected shareholders’ trust and investment safety. When the actual situation was revealed in the market, many investors experienced financial setbacks.
Next Steps for Investors
With the class action now underway, investors who have suffered losses with Customers Bancorp have until January 31, 2025, to request that the Court appoint them as lead plaintiff. Taking legal action does not require investors to serve as lead plaintiffs to be eligible for recovery.
To better understand their rights and options, investors can access the complaint or seek guidance by contacting Peretz Bronstein, Esq., or Nathan Miller, Client Relations Manager, at Bronstein, Gewirtz & Grossman, LLC.
No Fees Unless You Win
Importantly for prospective participants, the law firm operates under a contingency fee basis. This means that investors will not be charged any out-of-pocket expenses unless the case is successful. The law firm will seek reimbursement for its legal costs and expenses from the court, typically receiving a percentage of the total recovery.
Why Choose Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC has built a national reputation for advocacy in securities fraud class actions and shareholder derivative suits. Their track record includes recovering hundreds of millions of dollars for investors across the country. This extensive experience reinforces their commitment to representing those who have faced significant investment losses, providing legal expertise for navigating complex class action lawsuits.
Conclusion
For investors in Customers Bancorp, the opportunity is now to engage in a legal process that aims to seek justice and recover losses tied to possible corporate misconduct. With the claim already filed, and with legal assistance available at no initial cost, affected stakeholders are encouraged to act promptly to protect their interests. For more detailed information or to get involved, please visit bgandg.com/CUBI or contact the law firm directly.
This is a pivotal moment for many investors seeking accountability in the financial services sector, highlighting the importance of due diligence and proactive measures in response to financial misconduct.