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CUBI INVESTOR NEWS: Customers Bancorp, Inc. Investors that Suffered Losses are Encouraged to contact RLF about Ongoing Investigation into the Company (NYSE: CUBI)
CUBICustomers Bancorp(CUBI) Prnewswire·2024-10-22 23:00

Core Viewpoint - Rosen Law Firm is investigating Customers Bancorp, Inc. for potential violations of federal securities laws, and is preparing a class action to recover investor losses [1][4]. Group 1: Investigation and Legal Action - The investigation by Rosen Law Firm is focused on Customers Bancorp, Inc. and may allow investors who purchased its securities to seek compensation without upfront costs [1]. - A class action is being organized to recover losses incurred by investors due to the alleged violations [1]. Group 2: Regulatory Issues - On August 8, 2024, the Federal Reserve Board announced an enforcement action against Customers Bancorp, highlighting significant deficiencies in the bank's risk management and compliance with anti-money laundering laws [2][3]. - Following the announcement, Customers Bancorp's stock experienced a decline of 13.3% on the same day [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and consistently ranking among the top firms for securities class action settlements [4]. - The firm has recovered hundreds of millions of dollars for investors, with over $438 million secured in 2019 alone [4].