Photo credit: www.investing.com
Investors Alerted to Customers Bancorp Securities Class Action
New York, New York—The Rosen Law Firm, which specializes in investor rights, has issued a reminder for individuals who purchased shares of Customers Bancorp, Inc. (NYSE: NYSE) between March 1, 2024, and August 8, 2024. Those affected have until January 31, 2025, to take legal action as part of a class action lawsuit initiated by the firm.
Understanding Your Rights
If you acquired Customers Bancorp securities during the specified Class Period, you might be entitled to receive compensation. Importantly, this process can occur without any upfront costs, as it operates on a contingency fee basis.
Steps to Participate
Choosing the Right Legal Representation
The Rosen Law Firm encourages investors to choose legal counsel that possesses a proven history of success, particularly in significant legal roles. Many firms that distribute notices may lack the requisite experience or resources to effectively handle securities class actions. The Rosen Law Firm itself has a solid reputation in this domain, having secured the largest class action settlement against a Chinese company to date. Moreover, the firm has consistently ranked among the top legal practices in securing settlements for investors.
Case Background
The current litigation arises from allegations that Customers Bancorp misrepresented its operational practices. The lawsuit claims that during the Class Period, the company provided materially false or misleading information about its anti-money laundering practices. Additionally, it is asserted that Customers Bancorp was not compliant with pertinent legal obligations, which ultimately exposed it to increased regulatory scrutiny. Consequently, the statements made by the company regarding its business health and future prospects were deemed misleading. As the truth became apparent, the lawsuit contends that investors faced significant financial losses.
For more information about joining the Customers Bancorp class action, please visit this link or contact Phillip Kim, Esq. at the provided toll-free number or email address.
Important Considerations
At this stage, no class has been certified. This means that unless individuals select their own counsel, they are not represented in the lawsuit. Investors have the option to remain passive members of the prospective class and do not have to take any immediate action. It’s also important to note that an investor’s potential for recovery is not contingent upon assuming the role of lead plaintiff.
For continued updates regarding this case, interested parties may follow the Rosen Law Firm on LinkedIn, Twitter, and Facebook.
Attorney Advertising. Previous outcomes do not guarantee future results.
——————————-
To view the source version of this press release, please visit this page.
Source
www.investing.com