Customers Bancorp, Inc. Faces Securities Class Action Inquiry
Investigation into Customers Bancorp, Inc.
The Rosen Law Firm, recognized for defending investor rights, has announced an in-depth investigation concerning potential securities claims on behalf of shareholders of Customers Bancorp, Inc. (NYSE: CUBI). This investigation comes on the heels of significant allegations that the company may have disseminated materially misleading business information to the investing community, raising concerns among its shareholders.
What This Means for Investors
For individuals who have purchased securities from Customers Bancorp, there may be a pathway to seek compensation through the class action being prepared by the Rosen Law Firm. Importantly, this process can be done without any upfront costs, as it would operate on a contingency fee arrangement, meaning investors can pursue their potential recovery without financial risk.
Understanding the Allegations
The crux of the investigation revolves around troubling revelations from a recent announcement issued by the Federal Reserve Board. This announcement detailed the findings from examinations and inspections of Customers Bancorp and its associated bank. It pointed out significant deficiencies in risk management practices and compliance concerning anti-money laundering regulations, which are critical in the financial sector.
The Impact of Recent News
As a direct consequence of this announcement, Customers Bancorp's share price experienced a notable decline, falling by $7.22 or 13.3%, with shares closing at $47.01. This dramatic price drop has left many investors concerned and prompted the need for legal action.
Next Steps for Affected Shareholders
Investors who believe they might be impacted are urged to reach out to the Rosen Law Firm for guidance on how to participate in the proposed class action. The firm has dedicated professionals, including Phillip Kim, Esq., who can provide tailored assistance and answer any queries regarding the process.
About Rosen Law Firm
The Rosen Law Firm is dedicated to protecting the rights of investors across various sectors. With a focus on class action lawsuits, they provide resources and support to those who have suffered losses due to misleading information from publicly traded companies.
Contact Information
Those interested in learning more about the current situation and potential actions can contact the Rosen Law Firm at:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll-Free: (866) 767-3653
Fax: (212) 202-3827
Email: [email protected]
Website: www.rosenlegal.com
Frequently Asked Questions
1. What prompted the investigation into Customers Bancorp?
Allegations surfaced regarding misleading business information that may have been issued by Customers Bancorp, leading to concerns among shareholders.
2. How can I participate in the class action?
Interested shareholders should contact the Rosen Law Firm for details on how to join the ongoing class action.
3. Is there a cost to join the class action?
No, there are no upfront costs for those who wish to participate; it operates on a contingency fee basis.
4. What are the repercussions of the Federal Reserve's findings?
The findings have caused a significant drop in the company's stock value, affecting shareholder confidence and prompting the potential class action.
5. Who can I contact for more information?
Contact the Rosen Law Firm via the provided email or phone number for detailed guidance.
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