Allegations and Regulatory Issues - Customers Bancorp, Inc. (CUBI) is facing allegations of failing to disclose inadequate anti-money laundering (AML) practices, which has led to heightened regulatory risk [6] - On April 12, 2024, the company announced the firing of its CFO for violating company policy, resulting in a nearly 5% drop in stock price to $46.62 by April 15, 2024 [1] - The Federal Reserve identified significant deficiencies in the bank's risk management and compliance with AML regulations on August 8, 2024, causing the stock price to fall approximately 15% [2] Consent Order and Further Declines - On August 8, 2024, Customers Bancorp disclosed a consent order with the Commonwealth of Pennsylvania, which identified unsafe banking practices related to BSA/AML requirements, leading to further declines in stock price [7] Class Action and Investor Participation - A class action was filed on behalf of investors who purchased Customers Bancorp securities between March 1, 2024, and August 8, 2024, allowing eligible shareholders to participate in the litigation [4] - Shareholders interested in serving as lead plaintiffs must submit their applications by January 31, 2025, but participation is not required to be eligible for recovery [8]

NEW YORK, Dec. 20, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Customers Bancorp, Inc. (NYSE: CUBI) between March 1, 2024 and August 8, 2024, both dates inclusive (the "Class Period"), of the important January 31, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.So what: If you purchased Customers Bancorp securities during the Class Period you may be entitled to compensation without payment of any out of pocke ...

NEW YORK, Dec. 19, 2024 /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.CONTACT US HERE:https://securitiesclasslaw.com/securities/customers-bancorp-inc-loss-submission-form/?id=117269&from=4 CLASS PERIOD: March 1, ...

NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Customers Bancorp, Inc. ("Customers Bancorp, Inc." or the "Company") (NYSE: CUBI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Customers Bancorp, Inc. investors who were adversely affected by alleged securities fraud between March 1, 2024 and August 8, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1 ...

Core Viewpoint - Customers Bancorp, Inc. is facing a class action lawsuit due to allegations of inadequate anti-money laundering practices and misleading statements regarding its business operations and compliance with legal obligations [2][3]. Group 1: Allegations and Class Period - The class period for the lawsuit is from March 1, 2024, to August 8, 2024 [2]. - Allegations include that Customers Bancorp had inadequate anti-money laundering practices, leading to non-compliance with legal obligations and heightened regulatory risk [2]. Group 2: Shareholder Actions - Shareholders who purchased shares during the class period are encouraged to register for the class action and can seek lead plaintiff status by the deadline of January 31, 2025 [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

NEW YORK, Dec. 4, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Customers Bancorp, Inc. (NYSE: CUBI) between March 1, 2024 and August 8, 2024, both dates inclusive (the "Class Period"). A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 31, 2025 in the securities class action first filed by the Firm.So what: If you purchase ...

LOS ANGELES, Dec. 4, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Customers Bancorp, Inc. ("Customers Bancorp" 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.Investors who purchased the Company's securities between March 1, 2024 and August 8, 2024, inclusive (the "Class P ...

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Customers Bancorp, Inc. (“Customers Bancorp” or “the Company”) (NYSE: CUBI) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Customers Bancorp se ...

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Pennsylvania on behalf of all persons or entities who purchased or otherwise acquired Customers Bancorp, Inc. (“Customers Bancorp” or the “Company”) (NYSE: CUBI) securities between March 1, 2024 and August 8, 2024, inclusive (the “Class Period”). The lawsuit seeks to recover damages for the Company’s investors un ...

ATLANTA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Customers Bancorp, Inc. (“Customers Bancorp” or the “Company”) (NYSE: CUBI). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about Customers Bancorp’s business, operations, and prospects, including allegations that: (1) Customers Bancorp had inadequate anti-money laundering practices; and (2) as a result, it was not in co ...