Investors Invited to Join Class Action Against Customers Bancorp, Inc. Over Alleged Securities Fraud

Class Action Lawsuit Against Customers Bancorp, Inc.

A significant class action lawsuit has been initiated against Customers Bancorp, Inc. (NYSE: CUBI), aiming to secure recoveries for investors who have suffered losses due to alleged securities fraud. The law firm Levi & Korsinsky, LLP is spearheading this legal endeavor, alerting affected shareholders about their rights and options.

Overview of the Allegations

The class action lawsuit alleges that between March 1, 2024, and August 8, 2024, Customers Bancorp and its management engaged in deceptive practices regarding the company’s financial statements and operational conditions. Specifically, the complaint claims that the defendants made false statements or covered up crucial information regarding inadequate anti-money laundering procedures, leading to non-compliance with regulatory requirements. This negligence increased the company's exposure to regulatory scrutiny and affected its credibility, consequently misleading investors about the true state of affairs regarding its finances and operations.

Participation Process

Investors who experienced financial setbacks linked to their investments in Customers Bancorp during the designated timeframe are encouraged to reach out to Levi & Korsinsky. A representative from the firm can provide information on how to formally participate in the class action. Notably, those interested have until January 31, 2025, to file for lead plaintiff status. However, participation in the compensation recovery process does not require being appointed as a lead plaintiff, making it accessible for all affected shareholders.

No Upfront Costs

One of the most appealing aspects of this class action is that participation entails no upfront costs or obligations for shareholders. The legal fees and any costs associated with the lawsuit will be covered by the firm, which means that investors can seek compensation without facing financial risks at the outset.

The Legacy of Levi & Korsinsky

Levi & Korsinsky boasts a robust history of advocating for shareholders with a track record spanning over two decades. The firm has successfully secured hundreds of millions in recovery for investors and consistently ranks among the top securities litigation firms in the United States. Their extensive team, comprising over 70 professionals, specializes in navigating complex securities lawsuits and employing efficient legal strategies to protect investor rights.

Contact Information

Investors are urged to contact Levi & Korsinsky directly to discuss their potential involvement in this case. Joseph E. Levi, Esq., is available via email at [email protected] or through the firm's New York office at (212) 363-7500. More detailed information is accessible through their official website, ensuring transparency and direct communication for interested parties.

Conclusion

This class action lawsuit represents a chance for Customers Bancorp investors to seek justice and recover potential losses incurred due to alleged fraudulent activities within the company. Shareholders who believe they have been impacted are encouraged to act quickly, given the approaching deadline.

For those navigating the aftermath of this breach of trust, engaging with seasoned professionals like Levi & Korsinsky could prove essential in achieving a satisfactory resolution to their claims.