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CUSTOMERS BANCORP, INC. ANNOUNCEMENT: If You Have Suffered Losses in Customers Bancorp, Inc. (NYSE: CUBI), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Customers BancorpCustomers Bancorp(US:CUBI) GlobeNewswire News Roomยท2024-08-22 00:17

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Customers Bancorp, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Legal Action - Shareholders who purchased Customers Bancorp securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to the allegations against Customers Bancorp [2]. Group 2: Regulatory Issues - On August 8, 2024, the Federal Reserve Board announced an enforcement action against Customers Bancorp, citing significant deficiencies in the bank's risk management practices and compliance with anti-money laundering regulations [3]. - Following the announcement, Customers Bancorp's stock price dropped by 13.3%, closing at $47.01 on the same day [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked highly for securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [4].