Legal Actions for Investors of Customers Bancorp, Inc.
NEW YORK — The global investor rights law firm Rosen Law Firm is reaching out to individuals who purchased securities of Customers Bancorp, Inc. (CUBI). If you acquired shares between the range of March 1, 2024, and August 8, 2024, you should be aware of imminent legal deadlines. This is a critical alert for investors as the window to secure your rights and possibly seek compensation is approaching rapidly.
Key Information on the Class Action
For those who believe they have been impacted during the specified Class Period, it is essential to note that the lead plaintiff deadline has been set for January 31, 2025. This means that you have until that date to act if you wish to participate in the class action lawsuit initiated by Rosen Law Firm.
Understanding Class Action Benefits
Participating in a class action lawsuit offers a unique opportunity for investors to seek compensation without facing substantial financial burdens. This means you can join the action with no out-of-pocket costs through a contingency fee arrangement, which will allow you to focus on your claim without worrying about immediate expenses.
Steps to Participate in the Action
To take part in the Customers Bancorp class action, interested investors are encouraged to reach out directly. You can call Phillip Kim, Esq. toll-free at 866-767-3653 or send an email to case@rosenlegal.com. Alternatively, you can also submit a request through the Rosen Law Firm’s website. It's crucial to remember that filing as a lead plaintiff positions you as a representative actor for other class members guiding the litigation process.
Why Choose Rosen Law Firm?
Investors seeking legal counsel should prioritize choosing an experienced firm with solid results in similar cases. Rosen Law Firm stands out due to its proven track record in securities class actions, having achieved significant settlements, including the largest ever against a Chinese company at the time. Their history of recovering hundreds of millions of dollars for investors speaks volumes about their capability and dedication.
Case Details and Allegations
The lawsuit claims that Customers Bancorp made materially false and misleading statements throughout the Class Period. It alleges that the company had insufficient anti-money laundering measures, which led to failure in complying with legal obligations and resulted in heightened regulatory risks. These failures misled investors about the company's operational soundness and prospects.
Current Status of the Class Action
It's important for potential participants to acknowledge that no class has yet been certified in this case. Until certification occurs, your interests are not automatically represented unless you specifically retain counsel. Therefore, you have the choice to look for legal representation of your own or opt to remain as an absent class member.
Frequently Asked Questions
What is the deadline to join the Customers Bancorp class action?
The deadline to join the class action is January 31, 2025.
How can I participate in the class action?
To participate, contact Phillip Kim, Esq. or email case@rosenlegal.com.
Is there any cost to join the lawsuit?
No, investors can join without any upfront costs due to the contingency fee arrangement.
What allegations are made in the lawsuit?
The lawsuit includes claims of false statements regarding anti-money laundering practices and regulatory compliance.
Can I select my own attorney for the class action?
Yes, you can select your own legal representation if you choose to do so.
Contact Information:
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: case@rosenlegal.com
Website: www.rosenlegal.com
