CUBI Investor Alert: Class Action Lawsuit Filed Against Customers Bancorp, Inc.

NEW YORK, Jan. 20, 2025 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a recognized law firm, informs investors that a class action lawsuit has been initiated against Customers Bancorp, Inc. ("Customers Bancorp" or "the Company") CUBI, along with certain of its officers.

Class Action Overview

This class action lawsuit aims to recover damages for violations of federal securities laws on behalf of all individuals and entities that purchased or acquired securities of Customers Bancorp between March 1, 2024, and August 8, 2024 (the "Class Period"). Investors who believe they have suffered extensive losses are encouraged to join this lawsuit by visiting the firm's website.

Details of the Case

The complaint states that during the Class Period, the defendants made false and misleading statements and failed to disclose crucial information that would have affected investors' decisions. Specifically, it is alleged that: (1) Customers Bancorp lacked adequate anti-money laundering practices; (2) this deficiency resulted in non-compliance with legal obligations, which exposed the Company to increased regulatory risks; and (3) consequently, the defendants' statements regarding Customers Bancorp's business, operations, and future prospects were misleading and lacked a sound basis. When the actual facts came to light, investors experienced significant losses.

Next Steps for Investors

A class action lawsuit has already been filed, and interested parties can view a copy of the complaint on the firm's site. For further inquiries or assistance, investors may contact Peretz Bronstein, Esq. or Client Relations Manager Nathan Miller from Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. Investors who incurred a loss with Customers Bancorp have until January 31, 2025, to request the Court appoint them as lead plaintiff. It is important to note that any recovery does not require you to serve as lead plaintiff.

Contingency Fee Structure

The firm operates on a contingency fee basis, meaning they will only get reimbursed for expenses and attorney fees if the case is successful, typically taking a percentage of the total recovery.

About Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a well-known firm dedicated to representing investors in securities fraud class actions and shareholder derivative suits. The firm has successfully recovered hundreds of millions of dollars for investors across the nation.

For any questions, the law firm can be contacted through the following:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Nathan Miller

332-239-2660 | [email protected]

lawsuit, investors, securities