Class Action Alert: The Bancorp, Inc. Securities Lawsuit
Date: April 24, 2025
Key Information
The Rosen Law Firm, recognized globally for its dedication to investor rights, is notifying individuals who purchased securities of The Bancorp, Inc. (NASDAQ: TBBK) between January 25, 2024, and March 4, 2025. A crucial deadline for lead plaintiffs is set for May 16, 2025.
Eligibility for Compensation
Investors who acquired Bancorp securities during the specified period may be eligible for compensation. Participants can pursue claims without incurring upfront costs, thanks to a contingency fee structure.
Next Steps for Investors
To take part in the class action, interested parties should visit this link, call Phillip Kim, Esq. at 866-767-3653, or email ca**@********al.com. A class action lawsuit has already been initiated, and those wishing to act as lead plaintiffs must submit their motion to the court by May 16, 2025. The lead plaintiff serves the important role of representing other class members throughout the litigation process.
Why Choose Rosen Law Firm?
The Rosen Law Firm emphasizes the importance of selecting experienced legal counsel. Many firms that issue notices lack substantial litigation experience or recognition. Rosen Law Firm has established itself as a leader in securities class action litigation, having secured the largest settlement in a Chinese company’s securities class action at the time. The firm has consistently ranked at the top for securities class action settlements, recovering significant funds for investors.
Details of the Allegations
The lawsuit claims that during the Class Period, Bancorp misrepresented critical information and failed to disclose several key points:
- The significant risks of default related to its real estate bridge loan portfolio were underrepresented.
- Bancorp’s credit loss accounting methods were inadequate for projecting potential credit losses.
- Consequently, there was a reasonable likelihood of increased provisions for credit losses.
- Material weaknesses existed in its financial reporting controls.
- Financial statements had not received approval from independent auditors.
- Positive projections made by the defendants regarding Bancorp’s operations were misleading or lacked sufficient basis.
The lawsuit contends that these misrepresentations caused notable damage to investors once the truth became public.
Further Information
To proceed with joining the Bancorp class action, please refer to the earlier provided link, reach out to Phillip Kim at 866-767-3653, or contact ca**@********al.com for additional details.
Important Legal Note
As of now, a class has not yet been certified. Participants are encouraged to engage their counsel as representation is not automatic until the class is certified. Investors also have the option to remain absent from the class and are not obligated to take any immediate action. Importantly, participation in any potential future recovery is not contingent upon being a lead plaintiff.
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Contact Information
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll-Free: (866) 767-3653
Fax: (212) 202-3827
Email: ca**@********al.com
Website: www.rosenlegal.com
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