Customers Bancorp(CUBI) Prnewswire·2024-12-12 10:45Core 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].