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Customers Bancorp, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before January 31, 2025 to Discuss Your Rights - CUBI
The BancorpThe Bancorp(US:TBBK) Prnewswireยท2024-12-20 10:45

Core Viewpoint - Customers Bancorp, Inc. is facing a class action securities lawsuit alleging false statements regarding its anti-money laundering practices and compliance with legal obligations, which has led to increased regulatory risk and misleading information about the company's business and prospects [2][4]. Group 1: Lawsuit Details - The complaint claims that Customers Bancorp had inadequate anti-money laundering practices, resulting in non-compliance with legal obligations and heightened regulatory risk [2]. - The lawsuit seeks to recover losses for investors adversely affected by the alleged securities fraud occurring between March 1, 2024, and August 8, 2024 [3][4]. Group 2: Participation Information - Investors who suffered losses during the relevant time frame have until January 31, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [4]. - There are no costs or obligations for class members to participate in the lawsuit [3]. Group 3: Legal 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 and consistently ranking among the top securities litigation firms in the United States [5].