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

Overview of Customers Bancorp, Inc. Class Action

Recently, a notice was issued to shareholders of Customers Bancorp, Inc. (NYSE: CUBI) about an ongoing class action lawsuit. The Gross Law Firm has invited shareholders who acquired shares between March 1, 2024, and August 8, 2024, to consider their potential involvement in the case. The deadline for acting as a lead plaintiff in this class action is fast approaching, set for January 31, 2025.

Allegations Against Customers Bancorp, Inc.

The allegations pinpoint significant discrepancies in the company’s compliance with anti-money laundering regulations. According to the complaint, Customers Bancorp did not uphold adequate practices in this regard, which in turn led to the company being out of compliance with legal obligations. This scenario opened the doors to increased regulatory risks. The lawsuit also contends that these failures contributed to false and misleading claims made by company leaders relating to Customers Bancorp's operations, business health, and growth prospects.

Importance of Registering

Shareholders who believe they may have been affected by these alleged misstatements should register as soon as possible. Registration will provide access to portfolio monitoring tools that will deliver case status updates throughout its progression. The Gross Law Firm assures that there is no cost or obligation involved in participating in this class action.

Steps for Shareholders

1. Register: Interested shareholders can register through the provided link. This initiates their journey towards potentially recovering losses incurred during the class action period.
2. Monitor: Once registered, individuals will receive prompt updates on the status of the lawsuit, ensuring they stay informed about any developments as they happen.
3. Consider Lead Plaintiff Position: It’s essential for those who purchased shares within the stipulated timeframe to consider stepping up as lead plaintiffs, thus taking on an integral role in the proceedings. However, note that pursuing a lead plaintiff designation is optional for participation in the recovery process.

Why The Gross Law Firm?

The Gross Law Firm is a nationally recognized entity specialized in class action lawsuits, representing investors seeking recompense due to corporate deceit, fraud, and prohibited practices. The firm emphasizes its dedication to advocating for responsible business practices and ensuring that companies engage positively with their investors and the broader community. The Gross Law Firm aims to recover losses inflicted on investors due to misleading or false disclosures by companies, contributing to inflated stock prices based on inaccurate information.

Contact Information

For further inquiries or to start the recovery process, investors can reach out to The Gross Law Firm. Interested parties can talk directly with the firm via telephone or email. Setting up the conversation might catalyze the next steps needed for those impacted by the situation to safeguard their rights and seek possible restitution.

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

Conclusion

The ongoing situation serves as a stark reminder for shareholders of Customers Bancorp to act swiftly. The class action lawsuit accentuates the significance of transparency and clarity from corporations in their business practices. Shareholders must prioritize their rights and consider participating in this class action to potentially recoup any losses from their investment in Customers Bancorp, Inc.