Important Updates for Customers Bancorp, Inc. Investors

Understanding the Customers Bancorp, Inc. Class Action

Rosen Law Firm, a prominent name in investor rights advocacy, is reminding individuals who purchased securities of Customers Bancorp, Inc. (CUBI) within a specific timeframe of an important deadline. If you made investments in Customers Bancorp between early March and mid-August, you have the chance to secure your rights in the impending class action lawsuit.

The Class Period and Key Dates

The class action affects those who invested in Customers Bancorp securities during the Class Period, which runs from March 1 to August 8 of 2024. The deadline to act is fast approaching — January 31, 2025 marks the last day to file as a lead plaintiff. Taking action before this date ensures participation in potential settlements without incurring any upfront costs, thanks to a contingency fee model that several law firms, like Rosen, offer.

Why It Matters to Investors

Participating in this class action could lead to compensation for those hurt by alleged misrepresentations made by Customers Bancorp during the Class Period. Allegations against the firm include claims of inadequate anti-money laundering practices, leading to legal non-compliance and regulatory risks. These failures have been said to compromise the integrity of statements made about the company's business, affecting investor trust and stock values.

Taking Action: Next Steps

If you believe you qualify to be part of the class action against Customers Bancorp, it’s important to seek counsel promptly. Interested individuals have the option to visit the law firm’s dedicated website for submitting forms or can directly reach out via phone. It's noted that, as of now, a class has not yet been certified, meaning investors should take proactive steps towards ensuring their positions are recognized.

Why Choose the Rosen Law Firm

Potential plaintiffs might wonder why they should consider Rosen Law Firm over others in the field. The firm has a distinguished history, having achieved record settlements and being ranked highly among its peers in securities class actions. Their focused expertise in shareholder derivative litigation and class actions gives them a unique edge, ensuring that clients receive qualified representation. Rosen Law Firm members, such as founding partner Laurence Rosen, have received accolades within the legal industry, underscoring their commitment to assisting investors.

Details of the Claims Against Customers Bancorp

The lawsuit claims that during the Class Period, the statements made by the company's representatives were misleading due to failures in adhering to necessary anti-money laundering practices. The implications of these allegations highlight a larger issue regarding the company's operational compliance during this timeframe. As the story unfolds, affected investors may find that they could have suffered losses tied directly to these misleading statements.

Frequently Asked Questions

What is the purpose of this class action?

The class action seeks to provide compensation for investors who suffered losses due to misleading statements from Customers Bancorp during the specified time period.

Who can participate in the class action?

Individuals who purchased Customers Bancorp securities between March 1 and August 8, 2024, can join the class action lawsuit.

What do I need to do to get involved?

Interested parties should contact Rosen Law Firm directly to confirm their eligibility and submit necessary forms before the deadline.

Is there a cost to join the class action?

No, the firm operates on a contingency fee basis, meaning you won’t owe any fees upfront.

What happens if the class is not certified?

If the class is not certified, participants may still pursue individual claims, but should seek legal counsel to navigate that process effectively.

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