Investors of Customers Bancorp, Inc. Can Join Class Action for Recovery
On January 20, 2025, The Gross Law Firm announced a class action lawsuit involving Customers Bancorp, Inc. (NYSE: CUBI). This notice is directed towards those shareholders who have purchased shares of CUBI between March 1, 2024, and August 8, 2024. The law firm is urging these shareholders to step forward as they may be eligible to be appointed as a lead plaintiff in this legal matter.
The allegations raised in this lawsuit are quite serious. It is claimed that during the specified period, the management of Customers Bancorp made materially false and misleading statements. These statements failed to disclose two critical issues: first, the firm allegedly had inadequate anti-money laundering practices, which could be seen as a significant flaw in their operations; second, Customers Bancorp reportedly was not in compliance with its legal obligations, thereby increasing its regulatory risk. These aspects have severely impacted the integrity of the statements made by the defendants regarding the business operations and future perspectives of Customers Bancorp.
Shareholders are reminded that the deadline for registering for participation in this class action is January 31, 2025. Individuals who purchased CUBI shares during the specified timeframe are encouraged not to miss this deadline. Registering is a crucial step as it allows shareholders to remain informed about the progress of the lawsuit through dedicated monitoring software that provides updates throughout the litigation process.
It's important to note that being appointed as a lead plaintiff is not mandatory for shareholders who wish to recover their losses. The Gross Law Firm emphasizes that there is no financial obligation for shareholders to participate in the class action; therefore, it is wise for affected individuals to take swift action to protect their rights as investors.
The Gross Law Firm has built a reputation as a nationally recognized class action law firm. They focus on safeguarding the rights of investors who have suffered financial losses due to misleading practices and other fraudulent behaviors exhibited by companies. Their commitment to ensuring proper corporate conduct aims to facilitate investor recovery and hold companies accountable for their actions.
For shareholders of Customers Bancorp wishing to participate or learn more about how to join the lawsuit, they should reach out directly to The Gross Law Firm. Contact information, including email and phone number, has been provided for interested parties. Taking early action can be a significant step towards recovering any financial losses attributed to the allegations against Customers Bancorp.
In sum, if you are a shareholder of Customers Bancorp, you might want to consider joining the class action lawsuit to assert your rights and seek recovery for potential losses incurred as a result of the alleged fraudulent practices. The deadline for expressing interest is approaching quickly, making now the ideal time to act. Make sure to secure your participation to stay informed and potentially reclaim losses due to alleged corporate misconduct.