#United States #New York #Securities Fraud #Rosen Law Firm #Customers Bancorp

CUBI Deadline: Key Update for Customers Bancorp Investors

The renowned Rosen Law Firm, specializing in investor rights, is calling upon shareholders of Customers Bancorp, Inc. (NYSE: CUBI) who purchased stock between March 1, 2024, and August 8, 2024. As they brace for a growing coalition aimed at legal action against alleged securities violations, this update is critical for anyone involved with this noteworthy company.

Important Class Action Details

The firm recently announced a crucial deadline for lead plaintiffs on January 31, 2025. If you acquired shares during the specified period, you could be eligible for compensation without incurring any out-of-pocket costs through a contingency fee structure. This means that there are no upfront fees; the firm only receives payment if the case is successful.

Joining the Lawsuit

To become part of this significant class action lawsuit, you can find more information and submit your details online by visiting Rosen Law Firm Case Submission. Alternatively, potential lead plaintiffs can call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] to gain further insight into the proceedings.

A pre-filed class action has been initiated, and if you're keen on spearheading the litigation as a lead plaintiff, your motion must reach the court by the designated deadline. The lead plaintiff serves as a representative figure, guiding the case on behalf of all affected investors.

Rosen Law Firm's Track Record

The Rosen Law Firm emphasizes the significance of selecting legal counsel with a successful history in leading major lawsuit cases. Unlike many firms that may act simply as intermediaries, the Rosen Law Firm has made a name through substantial legal victories, including one of the largest settlements concerning a Chinese company. Since 2013, it has been recognized among the top litigation firms for securing settlements in securities class action suits, having recovered hundreds of millions for investors. Notably, in 2019, the firm brought in over $438 million for its clients alone.

Case Specifics

The lawsuit centers around serious allegations that during the class period, insider defendants made misleading statements and failed to disclose that:
1. Customers Bancorp had insufficient anti-money laundering measures;
2. This resulted in non-compliance with legal obligations, elevating regulatory risks;
3. Consequently, the public statements made about the bank's operations were misleading or entirely unfounded.

Damaging revelations related to these issues have led to investor losses as the truth unfolded, exacerbating the bank's predicament.

Important Considerations

While the class has not yet been certified, it's crucial to understand that without certification, individuals are not legally represented unless they seek counsel actively. You have the option to remain uninvolved or opt to select your legal representation at this stage.

The potential for recovering losses is not contingent upon whether one steps forward as a lead plaintiff now, making it essential to weigh your involvement carefully.

For exclusive updates on this unfolding situation, follow the Rosen Law Firm on LinkedIn and other social media platforms.

Conclusion

This legal initiative demonstrates a crucial moment for Customers Bancorp investors seeking justice and potential financial recovery amidst claims of malpractice. The Rosen Law Firm remains committed to advocating for shareholder rights, presenting an opportunity for affected individuals to unite for what could become a landmark case in securities litigation.