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Former CBS 3 TV Anchor — Jessica Kartalija — Arrives at Philly’s 6abc
NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Customers Bancorp, Inc. ("Match" or the "Company") (NYSE: CUBI ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Customers Bancorp and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until January 31, 2025 , to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired Customers Bancorp securities during the Class Period. A copy of the Complaint can be obtained a t www.pomerantzlaw.com . [Click here for information about joining the class action] On April 12, 2024 , Customers Bancorp disclosed in a filing with the U.S. Securities and Exchange Commission that Chief Financial Officer Carla A. Leibold had been fired for "cause" for violating Company policy, while noting 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 4.89%, to close at $46.62 per share on April 15 , 2024. Then, on August 24, 2024 , during market hours, the Federal Reserve issued a press release entitled "Federal Reserve Board issues enforcement action with Customers Bancorp, Inc. and Customers Bank," which attached a written agreement between Customers Bancorp and the Federal Reserve Bank of Philadelphia stating that the Federal Reserve "identified significant deficiencies related to the Bank's risk management practices and compliance with the applicable laws, rules, and regulations relating to anti-money laundering ('AML'), including the Bank Secrecy Act[.]" On this news, Customer Bancorp's stock price fell $7.22 per share, or 13.31%, to close at $47.01 per share on August 8 , 2024. Finally, on August 8, 2024 , after market hours, Customers Bancorp disclosed a consent order by the Commonwealth of Pennsylvania , Department of Banking and Securities, Bureau of Bank Supervision, relating "principally to aspects of compliance risk management, including risk management practices governing digital asset-related services; oversight by the Board of Directors of Customers Bancorp and the Bank; compliance with anti-money laundering regulations under the Bank Secrecy Act; and compliance with the regulations of the Office of Foreign Assets Control," and further stating that "these deficiencies give the Bureau reason to believe that the Bank had engaged in unsafe or unsound banking practices relating to BSA/AML Requirements." On this news, Customers Bancorp's stock price fell $1.08 per share, or 2.3%, to close at $45.93 per share on August 9, 2024 . Pomerantz LLP, with offices in New York , Chicago , Los Angeles , London , Paris , and Tel Aviv , is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz , known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud , breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com . Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLPWASHINGTON — The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Openings rose 5% to 7.7 million from 7.4 million in September, the Labor Department said Tuesday. The increase suggests that job gains could pick up in the coming months. Still, the latest figure is down significantly from 8.7 million job postings a year ago. Last month, job openings rose sharply in professional and business services, a category that includes engineers, managers, and accountants, as well as in the restaurant and hotel and information technology industries. The number of people quitting their jobs rose in October, a sign of confidence in the job market. And layoffs tumbled to just 1.6 million — below the lowest figures in the two decades that preceded the 2020 pandemic. Taken as a whole, Tuesday's figures suggest that the job market might be stabilizing at a modest level, with hiring moderate but layoffs uncommonly low. The unemployment rate is at a low 4.1%, even though job gains slowed sharply in October, according to the monthly jobs report. The slowdown in job growth last month reflected mainly the impact of hurricanes and a strike at Boeing. “There's a lot of cause for optimism," said Cory Stahle, an economist at Indeed, the job listings website. "The fact that job openings ticked up is always an encouraging sign.” Tuesday's figures mean there are now 1.1 available jobs for each unemployed worker, a healthy figure. Before the pandemic there were usually more unemployed people than openings. Still, the latest ratio is down from a peak of roughly two job openings per unemployed person two years ago. Businesses have pulled back from the hiring frenzy that occurred as the economy emerged from the pandemic recession. Tuesday's report, known as the Job Openings and Labor Turnover Survey, or JOLTS, showed that overall hiring slowed in October. Total hiring slipped to 5.3 million from 5.6 million, though that decline reflected hurricane-related disruptions. The JOLTS report is separate from the monthly jobs figures, which will be released Friday. That report is forecast to show a net gain of nearly 210,000 jobs in November, up from an anemic 12,000 in October. Tuesday’s report also showed that the number of Americans who quit their jobs rebounded in October to 3.4 million, after having reached a four-year low in September. An increase in quitting is a good sign for the economy, because it suggests that people are confident enough to search for new job opportunities. The Federal Reserve is watching the jobs data closely. Any sign that hiring is sharply weakening could encourage Fed officials to cut their key interest rate more quickly, to try to bolster borrowing and spending and support the economy.
Kendrick Lamar surprises with new album 'GNX' LOS ANGELES (AP) — Kendrick Lamar gave music listeners an early holiday present with a new album. The Grammy winner released his sixth studio album “GNX” on Friday. The 12-track project is the rapper’s first release since 2022’s “Mr. Morale & The Big Steppers.” Lamar’s new album comes just months after his rap battle with Drake. The rap megastar will headline February's Apple Music Super Bowl Halftime Show in New Orleans. The 37-year-old has experienced massive success since his debut album “good kid, m.A.A.d city” in 2012. Since then, he’s accumulated 17 Grammy wins and became the first non-classical, non-jazz musician to win a Pulitzer Prize. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.
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