#United States #New York #Securities Fraud #Customers Bancorp #CUBI

Investors Alert: Class Action Lawsuit Against Customers Bancorp, Inc. (CUBI)

In a recent development, Levi & Korsinsky, LLP has announced a class action lawsuit concerning Customers Bancorp, Inc. (NYSE: CUBI). This legal action aims to represent investors who have suffered losses as a result of alleged securities fraud that took place between March 1, 2024, and August 8, 2024. Investors in Customers Bancorp may have been made vulnerable due to several actions and misstatements by the company during this period.

Understanding the Allegations

The lawsuit claims that Customers Bancorp made several misleading statements and failed to disclose critical information pertinent to its operations and compliance. Specifically, the allegations revolve around inadequate anti-money laundering measures that resulted in the institution's failure to comply fully with relevant legal obligations. This non-compliance potentially heightened regulatory risks for the company, which in turn distorted the nature of its business operations, leading to materially false and misleading statements.

What this means for shareholders is significant. Investors may have been led to believe that the company was operating under solid practices while, in reality, it was not. As a result, this misrepresentation could have caused individuals to make investment decisions based on flawed information, leading to financial losses.

How to Participate in the Class Action

If you are an investor in Customers Bancorp, it is vital to be informed about your rights. The law firm is preparing a collective response on behalf of affected shareholders. Importantly, investors have until January 31, 2025, to file a request to be appointed as lead plaintiff in this class action. However, it is essential to note that participating in the case does not require one to be a lead plaintiff to benefit from any potential recovery.

Those affected by the alleged fraud and seeking to participate can easily submit their information via Levi & Korsinsky’s website, where they can also access further information about their rights and the nature of the lawsuit. The firm emphasizes that there is no financial cost associated with participation for class members, ensuring that individuals can engage in the legal process without upfront fees or obligations.

Why Choose Levi & Korsinsky?

With a robust history over the past two decades, Levi & Korsinsky has a proven track record in securities litigation. The experienced firm has secured hundreds of millions in recoveries for aggrieved shareholders and consistently ranks among the top in the field, demonstrating their commitment to serving investors in complex legal situations. With an extensive team capable of managing such cases, they promise thorough representation and dedication to seeking justice for their clients.

If you believe you have been wronged financially by your investments in Customers Bancorp, do not hesitate to reach out. You can contact Joseph E. Levi, Esq. at (212) 363-7500 or via email at [email protected] for more personalized assistance.

In these financially turbulent times, staying informed and proactive about your investments is crucial. The ongoing developments with Customers Bancorp, Inc. are a poignant reminder of the potential pitfalls in investing and the importance of aligning with reliable legal support when faced with corporate misconduct.

For further updates on this developing situation, be sure to keep an eye on press releases from Levi & Korsinsky as they navigate the intricacies of this class action.