#United States #New York #Securities Fraud #Customers Bancorp #Levi Korsinsky

Class Action Lawsuit Filed Against Customers Bancorp, Inc.

In recent developments, a significant class action securities lawsuit has been initiated against Customers Bancorp, Inc. (NYSE: CUBI), targeting investors who may have suffered losses due to alleged securities fraud. The firm handling the case, Levi & Korsinsky, LLP, has issued a notice to affected shareholders detailing how they can become involved in the proceedings. The deadline for investors to join the class is January 31, 2025.

Details of the Class Action

The lawsuit focuses on the period from March 1, 2024, to August 8, 2024. It alleges that Customers Bancorp issued false statements while failing to disclose critical information regarding its operations. Specifically, it is claimed that the company's anti-money laundering practices were inadequate, leading to non-compliance with legal obligations and exposing it to heightened regulatory risks.

As a result of this, the statements made by the company's executives regarding its business conditions and future prospects were rendered materially misleading, lacking a substantial basis.

How to Join the Class Action

Investors who experienced financial losses during the specified timeframe are encouraged to take action by requesting to be appointed as lead plaintiffs. It is crucial to note that participating in this class action does not necessitate serving as a lead plaintiff; any affected shareholder can potentially share in the recovery.

Interested parties can find more information and fill out a submission form through Levi & Korsinsky's dedicated website. Those preferring direct communication can contact Joseph E. Levi, Esq. via email at [email protected] or by phone at (212) 363-7500.

No Cost to Participants

One of the appealing aspects of this class action is that class members are entitled to compensation without bearing any direct out-of-pocket costs or fees. The law firm emphasizes that there is no financial obligation required to participate in this class action lawsuit, making it accessible to all affected investors.

Why Choose Levi & Korsinsky?

With over 20 years in securities litigation, Levi & Korsinsky has established a proven track record, recovering hundreds of millions of dollars for shareholders. The firm's experienced team specializes in complex securities cases, and they have consistently been recognized within the Top 50 Report by ISS Securities Class Action Services, marking them as one of the premier securities litigation firms in the United States for seven consecutive years.

Conclusion

As the deadline approaches, it is imperative for investors who feel they may qualify to act quickly. The resolution of this class action could potentially offer significant remedies for those affected by the alleged fraudulent activities of Customers Bancorp. This is an important opportunity for victims of the purported securities fraud to regain some of their financial losses and hold the company accountable for its actions.

For further details or to begin the process of joining this class action lawsuit, investors should reach out to Levi & Korsinsky, LLP at their office located on the 17th Floor of 33 Whitehall Street, New York, NY 10004 or through their dedicated communication channels. The time to act is now—don’t miss out on the chance to reclaim your rights as a shareholder.