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Class Action Alert for Customers Bancorp Investors
NEW YORK, New York—Rosen Law Firm, recognized globally for its advocacy of investor rights, is notifying individuals who purchased securities of Customers Bancorp, Inc. (NYSE: NYSE) from March 1, 2024, to August 8, 2024, inclusive, about an impending January 31, 2025, deadline to become a lead plaintiff in a newly filed securities class action.
Potential Compensation for Investors
Investors who acquired Customers Bancorp securities during the outlined timeframe may qualify for compensation without incurring any out-of-pocket fees, thanks to a contingency fee structure. This arrangement ensures that investors can pursue justice without financial burden upfront.
Steps to Participate
Those interested in joining the Customers Bancorp class action can visit Rosen Law Firm’s website or contact Phillip Kim, Esq., toll-free at 866-767-3653, or via email at case@rosenlegal.com for further details. The lawsuit has already been filed, and potential lead plaintiffs must act by January 31, 2025, to take on that role. A lead plaintiff serves as the primary representative in directing the course of the litigation on behalf of the entire class.
Why Choose Rosen Law Firm?
Rosen Law Firm emphasizes the importance of choosing legal representation with proven success in class action litigation. Unlike some firms that manage notices but lack litigation experience, Rosen Law Firm focuses entirely on representing investors. Historically, they have achieved significant settlements, including a record against a Chinese company and recognition as the top firm for securities class action settlements in 2017. The firm has secured hundreds of millions for investors across multiple years, demonstrating a consistent track record of success.
Case Overview
According to the claims in this lawsuit, during the specified Class Period, the defendants allegedly made materially false statements and failed to disclose significant issues regarding Customers Bancorp’s operations. These concerns included inadequate anti-money laundering practices that resulted in non-compliance with legal standards, elevating the firm’s regulatory risks. As a consequence, statements regarding the company’s business health, operations, and future prospects were deemed misleading. When the truth surfaced, investors purportedly suffered financial damages.
Important Considerations for Investors
As the class has not yet been certified, investors are not automatically represented by counsel unless they formally choose to retain one. Participants have the option to select their own legal representation or remain passive and do nothing at this stage; their eligibility for any future recoveries is independent of the decision to serve as a lead plaintiff.
Stay Updated
For ongoing updates regarding this case and more, follow Rosen Law Firm on LinkedIn: LinkedIn, Twitter: Twitter, or Facebook: Facebook.
Attorney advertising disclosures: Prior results do not guarantee a similar outcome.
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For the original press release, visit Newsfile Corp.
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www.investing.com