Philadelphia, Pennsylvania – (Newsfile Corp. – January 12, 2025) – A securities class action lawsuit has been filed against clients of Bancorp (NYSE:), Inc. (“Customers Bancorp” or the “Company”) (NYSE: CUBI). The suit was brought on behalf of purchasers of securities for BANCORP's clients March 1, 2024 and August 8, 2024inclusive (“Class Period”).
Click here To learn more about this lawsuit.
Investors who bought or acquired Bancorp clients Securities may be issued during the class period, no later than January 31, 2025seeks to be appointed as lead plaintiff representative for the class.
Customers Bancorp, headquartered in West Reading, Pennsylvania, is a bank holding company.
According to the lawsuit, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Bancorp's clients did not have adequate anti-money laundering practices; and (2) as a result, Bancorp's clients were not in compliance with their legal obligations, exposing Bancorp's clients to increased regulatory risk.
For additional information or to learn how to participate in this lawsuit, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at famner@bm.netor Click here.
A lead plaintiff is a representative party acting on behalf of all class members in directing the lawsuit. The lead plaintiff is usually the investor or a small group of investors who have the largest financial interest and who are also considered appropriate and typical of the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the class and those attorneys, if approved by the court, are the lead attorneys or the class. However, your ability to participate in any recovery is not affected by the decision of whether or not to serve as lead plaintiff. Communication with any attorney is not necessary to participate or participate in any recovery achieved in this case. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choosing, or they may choose to do nothing and remain an inactive class member.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a leader in securities class action lawsuits since its founding in 1970. Berger Montague has represented individual and institutional investors for more than five years. contracts and serves as lead attorney in courts throughout the United States.
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