Customers Bancorp Investors Encouraged to Act Before Deadline
Attention Customers Bancorp Investors
Levi & Korsinsky, LLP is reaching out to investors of Customers Bancorp, Inc. (NYSE: CUBI) regarding a class action securities lawsuit that aims to recover losses incurred by shareholders. This information is essential for anyone who may have been affected by recent events surrounding the company.
Overview of the Class Action Lawsuit
The lawsuit has been initiated on behalf of investors who have faced losses due to alleged securities fraud that purportedly took place between March and August. Understanding these allegations is crucial for investors, as the case highlights significant issues regarding the company’s operations and compliance practices.
Key Allegations Against Customers Bancorp
Among the primary allegations is that Customers Bancorp maintained inadequate anti-money laundering practices. This situation has raised compliance concerns, which may lead to increased regulatory risks for the company. Investors deserve clarity about the veracity of the company's past statements regarding its business framework, operations, and future prospects. It is asserted that these claims were materially false and misleading, profoundly impacting shareholder confidence.
Important Deadline for Investors
If anyone has experienced a loss in the share price of Customers Bancorp, it's vital to pay attention to the upcoming deadline. Investors have until January 31, 2025, to assist in appointing a lead plaintiff, crucial for the advancement of the case.
Understanding Your Rights as an Investor
Even if you do not wish to serve as a lead plaintiff, you can still partake in any potential recovery as a class member. This means that you are not required to incur any cost upfront, as the lawsuit is structured to benefit you without direct financial burden.
The Role of Levi & Korsinsky
Levi & Korsinsky has established a solid reputation in the realm of securities litigation, with over 20 years dedicated to advocating for aggrieved shareholders. Their extensive experience spans numerous complex cases, allowing them to recover substantial amounts for their clients. The firm is composed of over 70 skilled professionals who are ready to assist investors.
Recognized Success in Securities Litigation
Each year, Levi & Korsinsky is acknowledged among the leading securities litigation firms in the nation, reflecting their commitment to justice for investors. Their track record illustrates a robust capacity to champion the rights and interests of shareholders, ensuring transparency and accountability in the financial markets.
To Get Involved or Seek Guidance
If you believe you have been impacted by the alleged fraud or have questions regarding your potential involvement in the lawsuit, you are encouraged to reach out. Contact Joseph E. Levi, Esq., who can provide essential information and support.
Frequently Asked Questions
What is the lawsuit about?
The lawsuit addresses alleged securities fraud against Customers Bancorp, Inc. aimed at recovering losses incurred by affected investors.
When is the lead plaintiff application deadline?
The deadline to apply as a lead plaintiff is January 31, 2025.
Do I need to serve as a lead plaintiff to recover damages?
No, investors can still receive compensation without needing to serve in that capacity.
What are the main allegations against Customers Bancorp?
Key allegations include inadequate anti-money laundering practices and failure to meet legal compliance obligations.
How can I contact Levi & Korsinsky for more information?
You can reach out to Levi & Korsinsky directly via phone or their official website for more details regarding the lawsuit process.
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