#USA #New York #Rosen Law Firm #Customers Bancorp #CUBI

CUBI Securities Fraud Lawsuit: An Urgent Call for Investors

In a recent reminder to investors, the Rosen Law Firm has issued an alert regarding a class action lawsuit against Customers Bancorp, Inc. (NYSE: CUBI). This major investor rights law firm is inviting shareholders who purchased CUBI securities between March 1, 2024, and August 8, 2024, to join its class action ahead of a critical deadline. With a deadline for lead plaintiffs set for January 31, 2025, stakeholders have a limited window to act.

Understanding the Lawsuit

The lawsuit indicates that during the stated period, Customers Bancorp allegedly issued materially misleading statements. Specifically, the firm purportedly struggled with adequate anti-money laundering practices, which put them at risk of regulatory scrutiny. This lack of compliance purportedly led to uncertainty about the firm’s operational health and future prospects, thereby misleading investors about the true state of the business.

When these realities came to light, the lawsuit claims that investors faced significant financial losses.

Why You Should Join

For eligible investors, joining this class action could provide a chance for compensation for losses incurred during the class period. Under a contingency fee system, participants will not need to cover out-of-pocket expenses unless the firm secures a settlement or judgment in their favor. This arrangement eases financial concerns, allowing clients to pursue justice without the burden of upfront costs.

Next Steps for Investors

If you have purchased shares of Customers Bancorp within the designated class period, you can take action by submitting your details through a dedicated online form or contacting the Rosen Law Firm directly. Phillip Kim, Esq. from the firm is the point of contact, providing necessary information for investors who wish to join the lawsuit or serve as the lead plaintiff.

Additionally, the firm emphasizes the importance of selecting legal counsel with a proven track record of successful litigation in securities class actions. The Rosen Law Firm has established itself as a leader in this field, boasting numerous high-profile settlements and a history of successful outcomes for its clients.

Rosen Law Firm's Credentials

The firm’s impressive history includes significant achievements, such as the largest-ever securities class action settlement involving a Chinese company at the time. Furthermore, they have been consistently ranked highly by ISS Securities Class Action Services for their success rates in this arena.

With over $438 million secured for investors in 2019 alone, and the recognition of founding partner Laurence Rosen as a prominent figure in plaintiffs' law, the firm brings formidable resources and credibility to the case.

Conclusion

As the deadline approaches, Customers Bancorp investors are strongly urged to engage with the Rosen Law Firm for guidance on this class action lawsuit. The legal landscape can be daunting, but with the right counsel, affected investors can strive for recovery and redress. Stay informed by following the firm on various social media platforms to receive ongoing updates pertinent to the case.

By taking prompt action, investors can protect their rights and potentially secure compensation for their losses suffered during this tumultuous period.