Attention Customers Bancorp, Inc. Shareholders: Class Action Lawsuit Notice and Important Deadlines

Important Notice for Shareholders of Customers Bancorp, Inc.

The Gross Law Firm has issued a critical reminder for shareholders of Customers Bancorp, Inc. (NYSE: CUBI) regarding a pending class action lawsuit which could significantly impact those who purchased shares within a specific timeframe. This article provides essential information about the lawsuit, including the lead plaintiff deadline, class period, allegations, and next steps for shareholders.

Lawsuit Overview

The class action lawsuit revolves around the shareholders who acquired CUBI shares between March 1, 2024, and August 8, 2024. During this period, it is claimed that the defendants—likely senior executives or the board—failed to disclose several critical issues regarding the company’s operations.

Allegations Made

The lawsuit contends that Customers Bancorp had serious shortcomings in its anti-money laundering practices. This lack of compliance not only violated legal obligations but also exposed the company to increased regulatory risks. Consequently, statements regarding the company's business performance, operational health, and future outlook were allegedly misleading to investors.

Class Period and Deadlines

Shareholders must note that the formal class period under scrutiny spans from March 1, 2024, to August 8, 2024. The deadline for shareholders wishing to be appointed as lead plaintiffs is January 31, 2025. Notably, registering for the class action lawsuit does not require a person to be a lead plaintiff to be eligible for potential recovery.

Next Steps for Interested Shareholders

1. Registration: Every shareholder who purchased shares of CUBI during the specified time frame is encouraged to register their details to protect their legal rights. An online portal is available for registration, allowing the law firm to monitor the status of the case and to keep plaintiffs updated.
2. Monitoring: Once shareholders register, they will be enrolled in a portfolio monitoring program, receiving updates throughout the litigation process. This service aims to keep investors informed about developments as the case progresses.
3. No Cost to Participate: Importantly, there are no associated costs or obligations for shareholders who wish to participate in the lawsuit, making it accessible for all who qualify.

Why Choose The Gross Law Firm?

The Gross Law Firm is renowned nationally for its dedication to protecting shareholders' rights and addressing financial injustices caused by fraudulent or misleading actions of corporations. Their mission includes ensuring that companies adhere to ethical business practices. They advocate for recovery of losses incurred by investors due to deceptive statements or omission of pertinent information from corporations, which leads to inflated stock prices.

Conclusion

For shareholders of Customers Bancorp, Inc., this class action lawsuit is a crucial opportunity to address grievances and seek justice for any financial losses experienced during the specified class period. It’s imperative to act promptly considering the approaching deadlines. For more information and to register, potential plaintiffs can visit the dedicated registration page provided by The Gross Law Firm.

For further inquiries, the firm can be contacted directly:

- Email: [email protected]
- Phone: (646) 453-8903

Stay informed, protect your rights, and make sure you are not left out of this vital legal process.