Berger Montague Advises Investors To Inquire About Securities Fraud Class Action By January 31, 2025 By Investing.com
Philadelphia, Pennsylvania–(Newsfile Corp. – January 12, 2025) – A securities class action lawsuit has been filed against Customers Bancorp (NYSE:), Inc . (“Customers Bancorp” or the “Company”) (NYSE: CUBI) . The lawsuit was filed on behalf of the customers of the securities CUSTOMERS BANCORP between March 1, 2024 and August 8, 2024including (“Teaching Period”).
CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT.
Investors who bought or acquired BANCORP CUSTOMERS securities during the Class Period may, no later than JANUARY 31, 2025seeks to be appointed lead representative of the class plaintiffs.
Based in West Reading, PA, Customers Bancorp is a bank holding company.
According to the lawsuit, during the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (i) Bancorp customers did not have adequate anti-money laundering practices; and (ii) as a result, Customers Bancorp was not in compliance with its legal obligations, which exposed Customers Bancorp to increased regulatory risk.
For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.netor CLICK HERE.
The lead plaintiff is the representative party that acts on behalf of all class members in the conduct of the litigation. The lead plaintiff is usually an investor or a small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and those attorneys, if approved by the court, are lead or class counsel. However, deciding whether to be the lead plaintiff does not affect your ability to participate in the recovery. Communication with any attorney is not necessary to participate or participate in any recovery obtained in this case. Each putative class member may propose to the Court to serve as lead plaintiff through counsel of his or her choosing, or may choose to do nothing and remain an inactive class member.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, DC, San Diego, San Francisco and Chicago, has been a pioneer in securities class actions since its founding in 1970. Berger Montague has represented individual and institutional investors for more than five decades and serves as general counsel in courts throughout the United States.
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