Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Lost Money in Customers Bancorp, Inc.? Gibbs Law Group Investigates Potential Securities Law Violations

Shares of Customers Bancorp, Inc. (NYSE: CUBI) dropped over 14% in intraday trading on Thursday, August 8, 2024, after the Federal Reserve Board announced that it had issued an enforcement action with Customers Bancorp and its principal subsidiary, citing “significant deficiencies related to the Bank’s risk management practices and compliance with the applicable laws, rules, and regulations relating to anti-money laundering […].” Gibbs Law Group is investigating a potential Customers Bancorp Class Action Lawsuit on behalf of shareholders who lost money in Customers Bancorp.

What Should Customers Bancorp, Inc. Investors Do?

Learn more about the Customers Bancorp Class Action Lawsuit Investigation here or call us toll-free at (888) 410-2925 to discuss how you may be able to recover your losses. Our investigation concerns whether Customers Bancorp has violated federal securities laws by providing false or misleading statements to investors.

What is the Customers Bancorp Securities Lawsuit Investigation About?

On August 8, 2024, the Federal Reserve Board announced that it had issued an enforcement action against Customers Bancorp and its principal subsidiary, citing “significant deficiencies related to the Bank’s risk management practices and compliance with the applicable laws, rules, and regulations relating to anti-money laundering […].” According to a written agreement, these deficiencies were identified in the Federal Reserve Bank of Philadelphia’s recent inspection of Costumers Bancorp and Customers Bank, a state-chartered bank that is owned and controlled by Costumers Bancorp.

Following this news, shares of Customers Bancorp dropped over 14% in intraday trading on Thursday, August 8, 2024, causing significant harm to investors.

Previously, on April 12, 2024, Customers Bancorp filed a Form 8-K with the SEC, which disclosed that its Executive Vice President and CEO Carla Leibold, “was notified of her termination from employment with the Company on April 10, 2024, for “cause,” for violating Company policy. On this news, Customers Bancorp's stock price fell 4.9% on April 15, 2024.

About Gibbs Law Group

Gibbs Law Group represents investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.”

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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