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CUSTOMERS BANCORP ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Customers Bancorp, Inc. and Encourages Investors to Contact the Firm
The BancorpThe Bancorp(US:TBBK) GlobeNewswire News Roomยท2024-12-03 02:00

Core Viewpoint - A class action lawsuit has been filed against Customers Bancorp, Inc. for allegedly making false and misleading statements regarding its anti-money laundering practices and regulatory compliance, which led to investor damages during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Eastern District of Pennsylvania on behalf of all individuals and entities who purchased Customers Bancorp securities between March 1, 2024, and August 8, 2024 [1]. - Investors have until January 31, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against Customers Bancorp - The lawsuit claims that Customers Bancorp had inadequate anti-money laundering practices, resulting in non-compliance with legal obligations and heightened regulatory risk [3]. - It is alleged that the defendants' statements regarding Customers Bancorp's business, operations, and prospects were materially false and misleading throughout the class period [3].