1. Class action lawsuit filed against Customers Bancorp for misleading statements. 2. Allegations include failure to maintain anti-money laundering procedures. 3. Company exposed to regulatory risk due to legal non-compliance. 4. Shareholders encouraged to contact law firm for possible recovery. 5. Lead plaintiff appointment not necessary for participation in recovery.
The lawsuit indicates regulatory scrutiny, which typically negatively impacts stock prices. Historical examples show legal challenges often lead to declines.
Legal actions can significantly affect stock valuations and investor confidence. Lack of regulatory compliance is a major concern for investors.
The immediate impact may affect investor sentiment and stock performance. Similar lawsuits have caused rapid price fluctuations.
/PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Customers Bancorp, Inc. ("Customers" or "the Company") (NYSE: CUBI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of CUBI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
According to the Complaint, Customers made false and misleading statements regarding their alleged failure to maintain appropriate anti-money laundering procedures. The Company failed to comply with legal obligations exposing it to heightened regulatory risk.
If you are a shareholder who suffered a loss, contact us to participate.
DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
SOURCE DJS Law Group LLP