NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Customers Bancorp, Inc (“Customers Bancorp” or “the Company”) (NYSE: CUBI). Investors who purchased Customers Bancorp securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/CUBI.

Investigation Details

On April 12, 2024, Customers Bancorp disclosed in a filing with the U.S. Securities and Exchange Commission (“SEC”) that its Executive Vice President and Chief Financial Officer (“CFO”), Carla Leibold, “was notified of her termination from employment with the Company on April 10, 2024, for ‘cause’ under her employment agreement for violating Company policy, which termination was effective immediately.” The Company also reported that Ms. Leibold “has disputed the Company’s characterization of her separation from the Company.” On this news, Customers Bancorp’s stock price fell $2.40 per share, or 4.9%, to close at $46.62 per share on April 15, 2024. Then, on April 25, 2024, Customers Bancorp disclosed in additional SEC filings that, contrary to its previous announcement that Ms. Leibold had been terminated for cause, the Company and Ms. Leibold had “agreed that the termination of Ms. Leibold’s employment is a separation by mutual agreement,” pursuant to which agreement Ms. Leibold was entitled to receive $2.5 million in cash. On this news, Customers Bancorp’s stock price fell $2.71 per share, or 5.47%, to close at $46.82 per share on April 26, 2024.

What's Next?

If you are aware of any facts relating to this investigation or purchased Customers Bancorp securities, you can assist this investigation by visiting the firm’s site: bgandg.com/CUBI. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com

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