Investors of Customers Bancorp, Inc. Urged to Join Securities Fraud Class Action Lawsuit

Summary of the Case

The Rosen Law Firm, known for its commitment to global investor rights, is urging those who bought shares of Customers Bancorp, Inc. (NYSE: CUBI) between March 1, 2024, and August 8, 2024, to join a class action lawsuit. This lawsuit brings critical allegations against the bank and has a deadline for lead plaintiffs approaching on January 31, 2025. This article dives into important details surrounding the case, how to get involved, and why investors might want to consider participating.

Important Deadlines and Actions

Eligible investors who purchased securities during the specified time frame may be entitled to compensation without incurring any costs upfront. This is facilitated through a contingency fee arrangement, meaning clients will not pay unless there is a successful recovery. Interested parties should first visit the Rosen Law Firm’s designated webpage here or can reach out directly to Phillip Kim, Esq. at 866-767-3653 for further guidance on joining the case. Those wishing to act as lead plaintiffs or represent the interests of the class must file with the court by the upcoming deadline of January 31, 2025.

Background on the Allegations

The class action lawsuit was initiated due to claims that Customers Bancorp made materially false statements and failed to disclose significant issues regarding its operations. The suit alleges that:
1. Customers Bancorp had inadequate measures to prevent money laundering.
2. This inadequacy led them to fall short of legal compliance, which heightened their regulatory risks.
3. Given these facts, the assertions made about the bank's business and future prospects were misleading and lacked a solid basis.

When these facts were finally revealed to the market, the results were damaging for investors, leading to financial losses.

Why Choose Rosen Law Firm?

Investors are reminded to select a law firm with proven expertise and success rates. The Rosen Law Firm has a distinguished record of handling securities class actions and shareholder derivative litigation. For example, it previously achieved a notable settlement against a Chinese company that was recognized as the largest of its kind at that time. The firm is consistently ranked among the top in the industry, having recovered over $438 million for investors in one year alone (2019).

Founding partner Laurence Rosen was honored by Law360 as a Titan of Plaintiffs' Bar, adding another layer of credibility to the team. The law firm's comprehensive track record and their focus solely on securities litigation make them an advantageous choice for investors caught in adverse situations like this.

What Happens Next?

With the help of the Rosen Law Firm, investors can take action to protect their rights. They can either join the class as abseny class members or step up as lead plaintiffs. As previously mentioned, being an absent member does not exclude investors from recovery if such a funding occurs in the future.

This scenario encourages individuals to keep informed and consider taking necessary steps to help dictate the course of their investment outcomes as the timeline unfolds.

For ongoing updates regarding the legal process, interested parties can follow The Rosen Law Firm on social media through LinkedIn and Twitter.

Conclusion

The deadline for filing to take a leading role in this class action is fast approaching on January 31, 2025. All investors who bought securities in Customers Bancorp, Inc. during the specified class period should assess their situation carefully and consider engaging with the Rosen Law Firm to protect their rights and seek possible compensation for any losses incurred.

For potential clients, now might be an opportune moment to reflect on this situation and proactively determine the best course of legal action to safeguard their financial interests.