Berger Montague Advises Shoppers Bancorp (CUBI) Consumers to Inquire A few Securities Fraud Class Movement by January 31, 2024 By Investing.com

Philadelphia, Pennsylvania–(Newsfile Corp. – January 22, 2025) – A securities class movement lawsuit has been filed in opposition to Shoppers Bancorp (NYSE:), Inc. (“Shoppers Bancorp” or the “Agency”) (NYSE: CUBI). The lawsuit has been filed on behalf of purchasers of CUSTOMERS BANCORP securities between March 1, 2024 and August 8, 2024, inclusive (the “Class Interval”).

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Consumers who purchased or acquired CUSTOMERS BANCORP securities by way of the Class Interval would possibly, no later than JANUARY 31, 2025, search to be appointed as a lead plaintiff advisor of the class.

Headquartered in West Learning, PA, Shoppers Bancorp is a monetary establishment holding agency.

Based mostly on the lawsuit, all by way of the Class Interval, defendants made false and/or misleading statements and/or didn’t disclose that: (i) Shoppers Bancorp had inadequate anti-money laundering practices; and (ii) in consequence, Shoppers Bancorp was not in compliance with its licensed obligations, which subjected Shoppers Bancorp to heightened regulatory hazard.

For added information or to find methods to participate on this litigation, please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Peter Hamner at [email protected], or CLICK HERE.

A lead plaintiff is a advisor get collectively who acts on behalf of all class members in directing the litigation. The lead plaintiff is generally the investor or small group of patrons who’ve crucial financial curiosity and who’re moreover sufficient and typical of the proposed class of patrons. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if authorised by the courtroom, are lead or class counsel. Your capability to share in any restoration won’t be, nonetheless, affected by the selection whether or not or not or to not perform a lead plaintiff. Talking with any counsel won’t be important to participate or share in any restoration achieved on this case. Any member of the purported class would possibly switch the Courtroom to perform a lead plaintiff by means of counsel of his/her choice, or would possibly choose to do nothing and keep an inactive class member.

Berger Montague, with locations of labor in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class movement litigation since its founding in 1970. Berger Montague has represented specific individual and institutional patrons for over 5 a very long time and serves as lead counsel in courts all by way of the USA.

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