Key Details on the Customers Bancorp Class Action Lawsuit
Understanding the Class Action Lawsuit Against Customers Bancorp
The Gross Law Firm is reaching out to all shareholders of Customers Bancorp, Inc. (NYSE: CUBI) regarding a significant class action lawsuit that may affect many investors. If you have purchased shares during the relevant class period, it is crucial to understand the details surrounding this legal matter.
Who is Affected by the Class Action?
This class action lawsuit is directed at those shareholders who bought shares of CUBI between March 1, 2024, and August 8, 2024. If you are among these shareholders, you are encouraged to take action swiftly, as the deadline for lead plaintiff applications is approaching on January 31, 2025. Participating as a lead plaintiff is not a prerequisite for seeking recovery in this case.
Allegations Made in the Lawsuit
The core allegations against Customers Bancorp involve substantial claims of misconduct. The complaint asserts that during the specified class period, the company made leading statements that were misleading. More specifically, it is alleged that the company had inadequate anti-money laundering practices that resulted in non-compliance with legal obligations. This situation heightened the company's regulatory risks, which in turn affected their business's credibility and reliability.
Steps for Shareholders to Take
For shareholders who purchased CUBI shares during the designated timeframe, it is essential to register for this class action promptly. Once registered, you will gain access to portfolio monitoring software which will keep you updated throughout the lawsuit's progression. Importantly, there is no financial obligation involved in participating in this case, and it follows a no-win, no-fee basis.
Why Choose the Gross Law Firm?
The Gross Law Firm is widely recognized for its dedication and focus on protecting the rights of investors. Their mission revolves around addressing injustices faced by stakeholders due to deceit, fraud, and improper business practices. Their commitment ensures that corporations maintain responsible conduct and accountability, which is essential for restoring investor confidence. The firm strives to assist those whose investments were negatively impacted by misleading statements or lack of transparency.
Contact Information for the Gross Law Firm
For any inquiries or to discuss your potential involvement in this class action, you can reach out to the Gross Law Firm at:
The Gross Law Firm
Their Address
New York, NY, 10018
Phone: (646) 453-8903
Frequently Asked Questions
What is the class period for the Customers Bancorp lawsuit?
The class period for this lawsuit spans from March 1, 2024, to August 8, 2024.
What should I do if I purchased shares of CUBI?
If you purchased shares of CUBI during the specified class period, it is important to register for the class action before the lead plaintiff deadline of January 31, 2025.
What allegations are made against Customers Bancorp?
The lawsuit alleges that Customers Bancorp had inadequate anti-money laundering practices, resulting in misleading statements about their compliance and business prospects.
Is there a cost to participate in the class action?
No, there is no cost or obligation to participate in this class action lawsuit.
How can I monitor the progress of the case?
Upon registration, shareholders will have access to portfolio monitoring software to receive updates regarding the lawsuit's progress.
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