1. CUBI faces a class action lawsuit for misleading investors. 2. Allegations include inadequate anti-money laundering practices impacting regulatory risk. 3. Shareholders are urged to register before the January 31 deadline.
Legal issues typically lead to stock price decline; past examples show lawsuits negatively impact share prices.
Legal challenges can significantly impact company reputation and stock value.
Immediate concerns over lawsuit could affect market perception and stock performance quickly.
NEW YORK, Jan. 16, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Customers Bancorp, Inc. (NYSE: CUBI).
Shareholders who purchased shares of CUBI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
March 1, 2024 to August 8, 2024
The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Customers Bancorp had inadequate anti-money laundering practices; (2) as a result, it was not in compliance with its legal obligations, which subjected it to heightened regulatory risk; and (3) as a result, defendants' statements about Customers Bancorp's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.
January 31, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/customers-bancorp-inc-loss-submission-form/?id=123041&from=4
Once you register as a shareholder who purchased shares of CUBI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is January 31, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
The Gross Law Firm
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Email: info@grosslawfirm.com
Phone: (646) 453-8903
The Gross Law Firm