CUBI Investors Urged to Join Potential Customers Bancorp Securities Lawsuit

CUBI Investors Alert: Join the Legal Fight

Investors of Customers Bancorp, Inc. (NYSE: CUBI) have an important opportunity to engage in a growing legal battle. The Rosen Law Firm, a prominent global leader in investor rights law, is rallying shareholders who purchased securities from March 1, 2024, to August 8, 2024. By acting now, they may be eligible to lead a securities class action lawsuit following claims of securities fraud.

The deadline to join as a lead plaintiff is January 31, 2025, and interested investors are encouraged to communicate with the firm promptly to discuss their potential participation. Those who might have suffered financial losses due to misleading information by the company can do so without incurring any initial costs, as representation operates on a contingency fee basis.

Timeline and Details

This class action lawsuit, initiated by Rosen Law Firm, asserts that Customers Bancorp’s management made materially false statements and failed to disclose critical information regarding their compliance with anti-money laundering regulations. These misleading claims reportedly inflicted significant losses on investors when the truth about the firm’s operations emerged.

Potential investors who bought shares within the specified class period should proactively consider participating. According to legal experts, joining as a lead plaintiff can offer a unique chance to influence the direction of this lawsuit, acting on behalf of themselves and other plaintiffs. However, it’s crucial to act quickly, as the window for volunteering as a lead plaintiff is limited.

To facilitate participation, those interested can visit rosenlegal.com or directly contact Phillip Kim, Esq. via phone at 866-767-3653 or through email for further details.

Why Choose Rosen Law Firm?

Choosing the right legal counsel is critical in securities litigation, and Rosen Law Firm stands out due to its established history of successful prosecutions. This firm has secured some of the largest settlements for clients in U.S. securities class action history, including a landmark case against a Chinese company. Their experience is highlighted by their repeated rankings as one of the top firms in the sector, further emphasizing their capability and commitment to defending investor rights.

Being well-informed is key in these situations. Rosen Law Firm encourages investors to exercise diligence when selecting legal representation, as many firms merely act as intermediaries without direct involvement in litigation. Investors are thus urged to leverage this opportunity to participate in a class action designed to hold misleading companies accountable for their actions.

The Lawsuit Claims

The basis of the lawsuit revolves around allegations of inadequate anti-money laundering practices at Customers Bancorp. This purported negligence not only put shareholders at risk but also highlights the potential for regulatory repercussions. Legal claims emphasize that the defendants’ statements were materially false throughout the class period, leading to the assertion that shareholders suffered significant damages.

Prior to filing for Class Certification, interested parties should understand that selecting to be represented by counsel is optional. Investors may also remain absent from the class or choose to collaborate with counsel of their choosing. The potential for recovering losses hinges more significantly on participation rather than the role of lead plaintiff.

Stay Informed

For latest updates and news on this matter, investors are encouraged to follow the Rosen Law Firm’s updates on their respective social media platforms, including LinkedIn, Twitter, and Facebook. This is a vital step for investors wanting to stay engaged in the unfolding developments of this significant securities class action lawsuit.

In conclusion, CUBI investors during the specified period should consider their options carefully. With costs likely covered through a contingency agreement, not taking the opportunity to lead as a plaintiff could mean missing out on potential compensation. Understanding the implications and pathways of this class action can provide financial relief to those impacted by the alleged misconduct by Customers Bancorp.