Investigating Customer Bancorp, Inc. Losses: Understand Your Rights
Understanding Customer Bancorp, Inc.'s Recent Issues
Customers Bancorp, Inc., with the ticker CUBI, has recently faced serious allegations concerning the accuracy of its business information provided to the public. The Rosen Law Firm, known for representing investors' rights, is currently investigating securities claims related to these issues. If you have suffered losses as a shareholder, it is crucial to understand the options available to you.
The Importance of Joining a Class Action
If you have invested in Customers Bancorp securities, you might be eligible for compensation without incurring upfront costs. The Rosen Law Firm operates on a contingency fee basis, meaning they only collect fees if your potential lawsuit is successful. They are preparing a class action that seeks to recover losses for investors affected by the allegations against the company.
Details Surrounding the Allegations
On a notable day in August, a significant announcement was made regarding Customers Bancorp. The Federal Reserve Board disclosed that it imposed an enforcement action against the company and Customers Bank. This enforcement action resulted from findings that highlighted severe deficiencies in their risk management practices and compliance, particularly in anti-money laundering standards.
Due to this announcement, the stock price of Customers Bancorp took a hit, falling by $7.22 to finish at $47.01. Such a drastic change illustrates the potential impact that regulatory compliance issues can have on a company's stock value.
Why Choose Rosen Law Firm?
Investors looking for legal representation should consider firms like Rosen Law, which have a proven track record in the field of securities class actions. Their experience includes securing notable settlements for investors, making them a reliable choice for those affected by the recent developments surrounding Customers Bancorp. With a focus on impactful legal strategies, Rosen Law is well-equipped to handle the complexities of class action lawsuits.
Finding the Right Representation Matters
When selecting legal counsel, it's essential to choose a firm that actively litigates class actions rather than just issuing notices. Rosen Law Firm ranks highly in the industry, consistently recognized for their effectiveness and ability to recover significant amounts for investors. Since 2013, they have been a leading firm in terms of the number of successful settlements.
Engage with Rosen Law for Updates
For those looking to keep abreast of developments and updates regarding Customers Bancorp and potential claims, following the Rosen Law Firm on social media platforms like LinkedIn and Twitter can be beneficial. Their channels frequently provide insights into ongoing legal matters, regulatory news, and more.
Frequently Asked Questions
What are the allegations against Customers Bancorp, Inc.?
The allegations involve issuing materially misleading business information related to anti-money laundering compliance and risk management deficiencies.
How can I join the class action?
Investors can participate in the class action by contacting the Rosen Law Firm for further guidance on the process.
What should I do if I lost money with Customers Bancorp?
It is advised to seek legal consultation, as you might be entitled to compensation through a class action lawsuit.
Why is it important to choose a reputable law firm?
Choosing a firm with a successful track record ensures that you receive the best chance for recovering your investment losses.
Can I lose more money if I join the class action?
No, most class action lawsuits operate on a contingency fee basis, meaning you don't pay attorney fees unless you win the case.
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