Core Viewpoint - Customers Bancorp, Inc. is facing a securities fraud class action lawsuit due to alleged inadequate anti-money laundering practices and misleading statements regarding its business operations and compliance [3]. Group 1: Lawsuit Details - The lawsuit claims that from March 1, 2024, to August 8, 2024, Customers Bancorp failed to disclose its inadequate anti-money laundering practices [3]. - The company was allegedly not in compliance with legal obligations, which increased its regulatory risk [3]. - Positive statements made by the company regarding its business and prospects were claimed to be materially misleading and lacked a reasonable basis [3]. Group 2: Participation Information - Investors who suffered losses in Customers Bancorp are encouraged to contact the Law Offices of Howard G. Smith before January 31, 2025, to participate in the lawsuit [2]. - No immediate action is required from potential class members; they may choose to retain counsel or remain absent from the action [5].

Core Viewpoint - Customers Bancorp, Inc. is facing a class action securities lawsuit due to alleged securities fraud that occurred between March 1, 2024, and August 8, 2024 [1][2] Group 1: Lawsuit Details - The lawsuit claims that Customers Bancorp had inadequate anti-money laundering practices, leading to non-compliance with legal obligations and increased regulatory risk [2] - Defendants are accused of making materially false and misleading statements regarding the company's business, operations, and prospects [2] Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until January 31, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4]

NEW YORK, Dec. 30, 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=118938&from=4 CLASS PERIOD: March 1 ...

Core Viewpoint - Levi & Korsinsky, LLP is representing investors in a class action lawsuit against Customers Bancorp, Inc. for alleged securities fraud occurring between March 1, 2024, and August 8, 2024 [2][3] Group 1: Lawsuit Details - The lawsuit claims that Customers Bancorp had inadequate anti-money laundering practices, leading to non-compliance with legal obligations and increased regulatory risk [3] - Defendants allegedly made materially false and misleading statements regarding Customers Bancorp's business, operations, and prospects [3] Group 2: Investor Information - Investors affected by the alleged fraud may be entitled to compensation without any out-of-pocket costs or fees [4] - Affected investors have until January 31, 2025, to request the Court to appoint them as lead plaintiff, although sharing in any recovery does not require serving as a lead plaintiff [6]

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 ...