Glancy Prongay & Murray LLP Announces Securities Fraud Filing – Leading Law Firm
Glancy Prongay & Murray LLP recently announced the filing of a securities class action on behalf of Customers Bancorp. The lawsuit alleges that Customers Bancorp made false and/or misleading statements and/or failed to disclose information regarding its business practices, financial condition, and prospects. As a result, Customers Bancorp’s stock price was allegedly artificially inflated during the relevant period.
Customers Bancorp is a bank holding company that provides various banking products and services in the United States. The company’s stock is traded on the New York Stock Exchange under the ticker symbol “CUBI.”
The securities class action lawsuit claims that Customers Bancorp failed to disclose that it was experiencing deteriorating asset quality in certain portfolios and was inadequately reserved for losses. The lawsuit further alleges that Customers Bancorp had inadequate internal controls over financial reporting.
If you purchased Customers Bancorp stock during the class period and suffered a loss, you may be eligible to participate in the securities class action. It is important to contact a securities fraud lawyer to discuss your legal rights and options.
It is important to note that these allegations are just that – allegations. Customers Bancorp has the opportunity to defend itself against these claims in court. As with any legal matter, it is essential to let the judicial process run its course and to seek guidance from a qualified legal professional.
