Pomerantz Law Firm Alerts Customers Bancorp Shareholders of Class Action Lawsuit Details and Deadlines
In a significant development for investors, Pomerantz LLP has announced the initiation of a class action lawsuit against Customers Bancorp, Inc., trading under the ticker symbol CUBI on the New York Stock Exchange. The lawsuit provides a platform for shareholders who have experienced financial losses linked to their investments in Customers Bancorp to seek justice and potential compensation.
Investors are being prompted to reach out to Danielle Peyton at Pomerantz Law Firm, with details for contact provided in their announcement. This communication includes essential information such as the need for investors to share their mailing addresses, telephone numbers, and the number of shares they purchased during the relevant period. Notably, the deadline for shareholders to request appointment as Lead Plaintiff is January 31, 2025.
The lawsuit targets alleged securities fraud and unlawful business practices involving Customers Bancorp, alongside scrutiny of its officers and directors. The legal action comes in the wake of multiple incidents that resulted in substantial declines in the company's stock price. For instance, on April 12, 2024, Customers Bancorp's financial health was thrown into question when the company disclosed the termination of its Chief Financial Officer, Carla A. Leibold, under circumstances that prompted investor concerns. Following this announcement, shares plunged by $2.40, reflecting a loss of nearly 5% in value.
Further troubles arose on August 24, 2024, when the Federal Reserve issued a statement identifying significant deficiencies related to Customers Bancorp's risk management practices and compliance issues with anti-money laundering regulations. This news resulted in a staggering drop of $7.22 per share, marking a notable decrease of over 13%. Such developments raised alarms among investors about the bank's operational integrity and regulatory compliance.
As the situation escalated, another press release on August 8, 2024, detailed a consent order from the Commonwealth of Pennsylvania relating to compliance risk management and oversight on anti-money laundering standards. Investors reacted negatively, causing the stock to drop further by $1.08 per share the following day.
Pomerantz LLP, which has built a reputable history in corporate and securities litigation, emphasizes its commitment to fighting for the rights of victims of securities fraud. Over its 85 years of history, the firm has been known to recover billions in damages for class members affected by corporate misconduct and breaches of fiduciary duty. Their ongoing dedication to legal excellence offers hope to aggrieved shareholders of Customers Bancorp who are now part of a sizable class action lawsuit aimed at holding the company accountable.
For more information on the class action lawsuit and to access the complaint, shareholders can visit Pomerantz's official website. As the deadline approaches, affected investors are encouraged to act promptly to ensure their participation in this important legal matter.
Investors are being prompted to reach out to Danielle Peyton at Pomerantz Law Firm, with details for contact provided in their announcement. This communication includes essential information such as the need for investors to share their mailing addresses, telephone numbers, and the number of shares they purchased during the relevant period. Notably, the deadline for shareholders to request appointment as Lead Plaintiff is January 31, 2025.
The lawsuit targets alleged securities fraud and unlawful business practices involving Customers Bancorp, alongside scrutiny of its officers and directors. The legal action comes in the wake of multiple incidents that resulted in substantial declines in the company's stock price. For instance, on April 12, 2024, Customers Bancorp's financial health was thrown into question when the company disclosed the termination of its Chief Financial Officer, Carla A. Leibold, under circumstances that prompted investor concerns. Following this announcement, shares plunged by $2.40, reflecting a loss of nearly 5% in value.
Further troubles arose on August 24, 2024, when the Federal Reserve issued a statement identifying significant deficiencies related to Customers Bancorp's risk management practices and compliance issues with anti-money laundering regulations. This news resulted in a staggering drop of $7.22 per share, marking a notable decrease of over 13%. Such developments raised alarms among investors about the bank's operational integrity and regulatory compliance.
As the situation escalated, another press release on August 8, 2024, detailed a consent order from the Commonwealth of Pennsylvania relating to compliance risk management and oversight on anti-money laundering standards. Investors reacted negatively, causing the stock to drop further by $1.08 per share the following day.
Pomerantz LLP, which has built a reputable history in corporate and securities litigation, emphasizes its commitment to fighting for the rights of victims of securities fraud. Over its 85 years of history, the firm has been known to recover billions in damages for class members affected by corporate misconduct and breaches of fiduciary duty. Their ongoing dedication to legal excellence offers hope to aggrieved shareholders of Customers Bancorp who are now part of a sizable class action lawsuit aimed at holding the company accountable.
For more information on the class action lawsuit and to access the complaint, shareholders can visit Pomerantz's official website. As the deadline approaches, affected investors are encouraged to act promptly to ensure their participation in this important legal matter.
Topics Financial Services & Investing）
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