Investors of Customers Bancorp, Inc. Urged To Join Class Action Lawsuit Against Securities Fraud

Investors' Alert: Join the Class Action Against Customers Bancorp, Inc.

In recent news from the Schall Law Firm, a well-known national firm specializing in shareholder rights litigation, investors in Customers Bancorp, Inc., trading under the ticker NYSE: CUBI, have been called to action. A class action lawsuit has been initiated against Customers Bancorp for alleged violations of the Securities Exchange Act of 1934, specifically under sections 10(b) and 20(a), along with Rule 10b-5, as regulated by the U.S. Securities and Exchange Commission.

Case Background

The lawsuit pertains to a specific period during which investors purchased the company's securities from March 1, 2024, to August 8, 2024, referred to as the "Class Period." During this timeframe, significant concerns arose regarding the integrity of the company's public statements and its compliance with anti-money laundering regulations. As per the allegations, Customers Bancorp misled investors through false and misleading information, which raised substantial regulatory risks that went unaddressed.

As the company's true state came to light, many investors experienced financial losses. Thus, those affected are encouraged to reach out to the Schall Law Firm before the deadline of January 31, 2025. This action allows investors to potentially recover lost assets incurred during the class period.

Participation Details and Legal Rights

To assist those who may have suffered losses, the Schall Law Firm offers a chance to participate in the ongoing case. Investors can contact Brian Schall at the firm's Los Angeles office, located at 2049 Century Park East, Suite 2460, or via phone at 310-301-3335. Free consultations are available to discuss investors’ rights and participation options.

It is important to note that the class action has not yet received certification. Until that point, investors must understand that choosing not to act will place them as absent class members, which may limit their rights to participate in any potential recovery of damages.

Summary of Allegations

The core of the lawsuit revolves around claims that Customers Bancorp did not maintain sufficient anti-money laundering practices and failed to live up to its legal obligations, thereby increasing its regulatory exposure. Investors faced misleading public disclosures from the company, which fundamentally undermined their investment's value.

As the legal landscape continues to evolve, the Schall Law Firm represents many investors globally, focusing on securities class actions and upholding shareholder rights. The firm emphasizes the importance of protecting investors from potential harm due to negligent corporate practices.

Conclusion

For those who invested in Customers Bancorp during the stipulated period, this class action presents a significant opportunity to seek redress. Engaging in this legal process could provide a pathway to recover losses that resulted from the company's alleged misconduct. It is crucial for shareholders to act swiftly and secure their rights in this potentially impactful case against Customers Bancorp, Inc.