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January 31, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against CUBI
CUBICustomers Bancorp(CUBI) GlobeNewswire News Room·2025-01-21 17:33

Core Points - The Gross Law Firm has issued a notice to shareholders of Customers Bancorp, Inc. regarding a class action lawsuit [1] - The class period for the lawsuit is from March 1, 2024, to August 8, 2024 [3] - Allegations include inadequate anti-money laundering practices and non-compliance with legal obligations, leading to heightened regulatory risk [3] Summary by Sections Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to contact the firm for possible lead plaintiff appointment [1][4] - The deadline for shareholders to register for the class action is January 31, 2025 [4] Allegations Against Customers Bancorp - The complaint alleges that Customers Bancorp issued materially false and misleading statements regarding its business operations and compliance [3] - Specific allegations include inadequate anti-money laundering practices and failure to disclose compliance issues, which misled investors about the company's prospects [3] Next Steps for Shareholders - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [4] - Participation in the case incurs no cost or obligation for shareholders [4] About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5]